{"id":1004176972,"date":"2017-05-16T08:48:27","date_gmt":"2017-05-16T16:48:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004176972"},"modified":"2022-12-09T01:41:36","modified_gmt":"2022-12-09T09:41:36","slug":"carter-validus-grabs-largest-data-center-in-connecticut","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/carter-validus-grabs-largest-data-center-in-connecticut\/","title":{"rendered":"Carter Validus Grabs Largest Data Center in Connecticut"},"content":{"rendered":"

By Robert Demeter<\/em><\/p>\n

\"Norwalk<\/a>

Norwalk Data Center<\/p><\/div>\n

Carter Validus Mission Critical REIT II Inc.<\/a>\u00a0acquired five properties for an aggregate purchase price of $141.5 million. The assets include four health care facilities and the Norwalk Data Center, the largest data center in the state of Connecticut. The acquisitions add up to approximately 362,000 leased square feet.<\/p>\n

Following the deal, the REIT entered into two term loans: a $34.2 million loan with Bank of America and a $39.9 million loan with Capital One.<\/p>\n

CV Mission Critical paid approximately $58.9 million for Norwalk Data Center. The powered-shell colocation facility located in Norwalk, Conn. totals 167,691 rentable square feet, comprising 75,000 square feet of data center space, 30,000 square feet of office space and roughly 62,000 square feet of supporting infrastructure. The Norwalk Data Center is 100 percent leased to Cervalis LLC, a subsidiary of CyrusOne<\/a>.<\/p>\n

The healthcare assets include Aurora Healthcare Facility in Aurora, Ill. and a rehabilitation hospital portfolio consisting of three properties in Texas.<\/p>\n

Carter Validus purchased the Aurora Healthcare Facility for about $11.5 million. Built in 2002, the 24,722-rentable-square-foot facility is 100 percent leased on a 9.5-year term to Copley Memorial Hospital Inc. The facility features an ambulatory surgery center, pre- and post-operating bays, cast rooms, a bone density room and imaging capabilities. Additional services offered at the hospital include outpatient physical therapy and outpatient orthopedic surgeries.<\/p>\n

CV Mission Critical REIT II acquired the Texas hospital portfolio, consisting of a property in Austin and two in Allen and Beaumont, for about $71.1 million. The Austin facility is fully leased to HealthSouth Rehabilitation Hospital of South Austin and the other two are fully leased to affiliates of Post Acute Medical LLC. Together, the three properties total 169,722 square feet of leased space.<\/p>\n

\u201cWe believe these acquisitions represent our commitment to invest in high-quality real estate in the growing data center and healthcare industries. We further believe the critical nature of these buildings to the tenants that occupy them, along with their favorable locations and property conditions make them attractive acquisitions for CV Mission Critical REIT II,\u201d<\/em> John Carter, CEO of CV Mission Critical REIT II, said in a prepared statement.<\/p>\n

Photo courtesy of CyrusOne<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

In addition to the data center, the REIT bought four health care facilities in Illinois and Texas, the purchase price for all five properties being over $141 million.<\/p>\n","protected":false},"author":49,"featured_media":1004176975,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21755,21783,21754,23891,21742],"tags":[33250,33139,32935,35104,35577],"class_list":["post-1004176972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-centers","category-investment","category-medical-office","category-national","category-latest","tag-bank-of-america","tag-capital-one","tag-carter-validus-mission-critical-reit-inc","tag-cyrusone-inc","tag-john-carter"],"acf":[],"yoast_head":"\nCarter Validus Grabs Largest Data Center in Connecticut - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/carter-validus-grabs-largest-data-center-in-connecticut\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Carter Validus Grabs Largest Data Center in Connecticut\" \/>\n<meta property=\"og:description\" content=\"In addition to the data center, the REIT bought four health care facilities in Illinois and Texas, the purchase price for all five properties being over $141 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/carter-validus-grabs-largest-data-center-in-connecticut\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-16T16:48:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:41:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/norwalk-front-1459375095.png\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/carter-validus-grabs-largest-data-center-in-connecticut\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/carter-validus-grabs-largest-data-center-in-connecticut\/\",\"name\":\"Carter Validus Grabs Largest Data Center in Connecticut - 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