Carter Validus Mission Critical REIT has paid $45.9 million to acquire two fully-leased data center properties in Texas, the company said this week. The portfolio includes the Atos facility located in Arlington and an Internap data center located in Plano. Both properties are 100 percent leased and are located in the Dallas/Fort Worth technology corridor.
The Atos data center is a 90,000 square foot facility with 30,000 square feet of raised floor, and serves as the its primary cloud data center facility in the United States. This tenant operates an international IT service company that delivers consulting and technology services, system integration and managed services to a global client base.
The 55,000 square foot InterNAP Data Center was originally constructed in 1986 and completely redeveloped in 2011 into a state-of-the-art data center. The tenant is a leading provider of high performance IT infrastructure services, including colocation and IP route optimization.
“Given the properties’ desirable locations and long term leases with high-quality tenants, we believe that the Texas Data Center Portfolio is a great addition to our portfolio of mission critical real estate,” said John Carter, CEO of Carter Validus Mission Critical REIT, Inc.
Carter Validus is focused on two sectors, data center and healthcare, citing societal trends that it believes will boost demand for data storage and outpatient healthcare. The company has focused most of its acquisition activity on two markets – Dallas and Atlanta. The company’s first acquisition in May 2011 was a a fully-leased data center in Richardson, Texas. Last November Carter Validus paid $94 million to buy a large data center at 180 Peachtree in Atlanta, and in March it acquired a smaller facility in Norcross, Georgia.