Carter Validus Mission Critical REIT, Inc. To Sell Chicago Data Center
The company has reached a definitive agreement to sell the facility for approximately $315,000,000 and a definitive agreement to sell a 14-property data center portfolio for approximately $750,000,000.
Carter Validus Mission Critical REIT, Inc. announced on October 24th, 2017 that it has entered into a definitive purchase and sale agreement with an affiliate of Digital Realty Trust, LP (DLR) to sell a 251,141-sq-ft data center located on approximately nineteen acres of land in the Chicago metropolitan area (Chicago Data Center), for approximately $315,000,000. The net book value of the Chicago Data Center, including intangible assets recorded upon acquisition of the property, capitalized leasing costs and straight-line rent receivable was approximately $227,300,000 at September 30, 2017.