Carter Validus Mission Critical REIT Acquires $94.75 Million Data Center
Originally constructed in 1927, this property has undergone several renovations with the most recent completed in 2010. As part of the renovation process, the previous owner invested $30 million and the current tenants invested $200 million. John Carter, CEO of CV REIT, stated, “While the property was built some time ago we believe the thorough renovations and construction of the new state-of-the-art data centers, along with the significant capital commitments of the tenants help make the property an outstanding addition to our expanding portfolio of high quality, mission critical assets.”
While the exterior of the Peachtree Data Center is reminiscent of architecture dating back to the early 1900s, all other aspects of the building are nothing less than state-of-the-art. The building is fed by a Georgia Power system with five switches that each have the capacity to support 20 megawatts of committed power. Georgia Power’s loop fed design provides extensive resiliency to protect the building’s electrical service against potential interruptions if a circuit or transformer fails. There are also 14 generators that provide backup power.