Tampa company buys two buildings for $85M

Carter Validus Mission Critical REIT II Inc. has purchased a pair of data center buildings in Northern Virginia for $85 million, the company has announced.

Combined, the two buildings total 127,796 square feet and are occupied by PaeTex Communications LLC and another telecommunications company. Both buildings are nearly fully leased through 2023 and 2032, respectively.

“We believe this acquisition exemplifies our ability to secure mission critical data centers in strong markets backed by industry-leading tenants under long-term leases,” says Michael Seton, Carter Validus' president.