REIT Buys Atlanta Data Center for $95 Million

Carter Validus Mission Critical REIT Inc. purchased the Peachtree Data Center in downtown Atlanta, GA, for $ 94.75 million. A private entity listed as 180 Peachtree Retail LLC sold the property to the partnership led by CV REIT and supported by three institutional investors.

The transaction also included two parking garages.

The six-story, 290,000-square-foot, wholesale multi-tenant facility is on 3 acres at 180 Peachtree St. NW. The REIT will…
National Commercial Real Estate News From CoStar Group