Tampa-based Carter Validus Mission Critical REIT II Inc. (CVMC REIT II) said it recently acquired a 15.87-acre site in California housing a shell data center and commercial substation for approximately $79.5 million.
A 288,000-square-foot building houses the AT&T Hawthorne Data Center. CVMC REIT II will take over the existing lease with AT&T Corporation, a wholly owned subsidiary of AT&T Inc. that provides IP-based service to global businesses.
“The acquisition of the AT&T Hawthorne Data Center represents an opportunity to invest in a mission critical property with a strong brand affiliation,” Michael Seton, president of CVMC REIT II, said. “We strive to be a true capital partner for our tenants and are excited to expand our already important relationship with AT&T Corporation by adding this high-quality data center to our growing portfolio.”
Under AT&T Corporation’s purview, the property serves over 3.5 million clients of diverse sizes and types. It is highly secure, with 24-hour on-site surveillance, biometrics scanning and keycard access systems and alarmed entries. Additionally, its exterior gate perimeter is guarded.
“This is a great example of how we continue to execute our mission critical, income-producing real estate investment strategy and we believe this acquisition will translate into additional value for our portfolio,” CVMC REIT II CEO John Carter said.
4890 W. Kennedy Blvd, Suite 650 Tampa, FL 33609