Tampa Firm Buys Data Center in Andover

ANDOVER, MA- Carter Validus Mission Critical REIT Inc. has acquired a 92,700-square-foot data center property here for $12 million.

The Tampa, FL-based REIT reports that the property located 12 miles north of Boston is 100% leased under a long term, net lease to a leading provider of advanced network communications, including cloud computing and managed services. The facility, which was originally constructed as a build-to-suit for a major telecommunications company, has benefited from extensive capital investment by the current tenant.

Commenting on the deal, John Carter, CEO of Carter Validus Mission, states, “We are pleased to continue to expand our diversified portfolio of mission critical real estate assets throughout key markets across the United States.”