Stream Data Centers’ Private Data Center in Richardson, Texas, has been sold to Cater Validus REIT.
Article Source: Data Center Knowledge
Author: Rich Miller
“Carter Validus Mission Critical REIT has acquired its first property, paying $28.9 million to buy a fully-leased data center in Richardson, Texas. The purchase of the 20,000 square foot facility in the Technology Business Campus – Phase II in the suburbs of Dallas was the first deal for Carter Validus, which was formed last year to invest in data centers and healthcare IT facilities…
Data centers are part of a broader strategy in which Carter Validus hopes to take advantage of opportunities created by health care reform and its pending impact on medical real estate and IT infrastructure.
The Richardson property was developed by Stream Realty, and marked the second recent sale of one of the company’s data centers n the greater Dallas market. Last week a Stream Realty property in Plano was purchased by Lincoln Rackhouse.”
Read the full article here.