CBRE has announced it has been appointed by Carter Validus Mission Critical REIT II, Inc. (“CVREIT II”) to help secure data center tenants at CVREIT II’s data center property located at 250 Williams Street in Downtown Atlanta, Georgia. The data center property has 995,728 total rentable square feet and is approximately 90% occupied. CBRE will look to fill the remaining space available for rent with powered shell data center users.
CBRE’s Tim Huffman, senior vice president, Data Center Solutions, will lead the assignment.
CVREIT II is a real estate investment trust that invests in mission critical real estate assets located throughout the United States. CVREIT II purchased 250 Williams Street, also known as the American Cancer Society Center building, in June 2017.
“As the most fiber-connected city in the Southeast U.S., Atlanta has become a premier national data center hub,” said Huffman. “With our local market insight and global reach, and the property’s ample access to power and fiber, we are confident that 250 Williams will generate strong demand from data center tenants.”
“We believe that the partnership with CBRE will draw an ample amount of data center tenants to the property, especially since Atlanta has become a national data center hub,” said Michael Seton, president, CVREIT II.
Atlanta is one of the largest data center markets in the world, with 117 megawatts of inventory as of the end of H1 2017, according to CBRE Research.