- April 19, 2019
TAMPA — Carter Validus Mission Critical REIT II Inc. has acquired an Andover, Mass., data center for $37 million.
Andover Data Center II, a 153,000-square-foot building on 23 acres and completed in 2000, is fully occupied by a pair of tenants, including a subsidiary of Charter Communications Inc.
The two-story building marks the latest in the Tampa-based real estate investment trust's strategy of buying health care and data-related properties with specialized features.
In the case of Andover, the building contains reinforced concrete and specialized security features, including bio-scan palm readers.
“We believe Andover is a favorable location for this property due to its close proximity to Boston's large concentration of businesses with demand for data center services, and its cooler temperatures are ideal for data center environments,” says Carter Validus president Michael Seton.
The Massachusetts deal comes on the heels of nearly $450 million in acquisitions by the company in 2016. Most recently, in November, Carter Validus bought a pair of data center properties in Northern Virginia for $85 million, according to a release.