Carter Validus REIT Pays $65M for Vanguard Data Center
Join us In White Plains, where we will be bringing you the top local players who matter to your business. RealShare Westchester will give you the insight you need to succeed in today's market across all income producing properties, learn about the economic issues facing the County and the opportunities and challenges to expect for the year ahead at RealShare WESTCHESTER on April 24.
PHILADELPHIA-Tampa, Florida-based Carter Validus Mission Critical REIT Inc. has picked up a data center in Northeast Philadelphia for $65 million. The REIT paid $540 per square foot for the 121,000-square-foot flex property at 2000 Kubach Road in the Byberry Industrial Park.
The building, developed in 1993, sits on 25.6 acres of land. It is leased to Vanguard Group. Michael B. Harrell, Patrick Lynch and Robert J. Fahey from CBRE Inc. handled the deal. For the full story, go to Philadelphia Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Sign up to receive the Industrial LEADER weekly email. Click here to subscribe!
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.