Mergers and Acquisitions

Investment Firm Acquires Charlotte Data Center for $16.4M

Carter Validus Mission Critical REIT II, a real estate investment trust, has acquired a Charlotte, N.C.-based data center for $16.4 million.

The 100% leased colocation data center has 52,924 rentable square feet and serves customers across the Charlotte-Concord-Gastonia area in North and South Carolina.

Carter Validus has made multiple data center acquisitions over the past year. In fact, the company spent roughly $350 million on data center purchases in 2016, Business Observer estimates.

The company typically invests in colocation, cloud, wholesale, and enterprise-type data center facilities in the United States, including:

  • Shell – A new or existing building without improvements;
  • Shell Plus – A building with available power and connectivity; and
  • Turn-key – A building that is ready for immediate use.

Scores of data centers have traded hands in the past year. Among the biggest deals of note:

Joe Panettieri

Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.