Cookie policy: This site uses cookies (small files stored on your computer) to simplify and improve your experience of this website. Cookies are small text files stored on the device you are using to access this website. For more information on how we use and manage cookies please take a look at our privacy and cookie policies. Some parts of the site may not work properly if you choose not to accept cookies.

sections

Carter Validus completes Atlanta data center acquisition

  • Print
  • Share
  • Comment
  • Save

The Carter Validus Mission Critical REIT (real Estate Investment Trust) has completed its purchase of a data center in the old Macy’s department store in downtown Atlanta for US$94.75m.

The multi-tenant wholesale Peachtree Data Center sits inside a 1927 property, but features state-of-the-art facilities inside including extra allocations for power for redundancy.

Carter Validus said it will now control and run the data center, and will carry out additional renovations at a cost of US$200m, as well as two carparking garages.

It said the previous owner, Peachtree Carnegie, had already invested US$30m to see the 338,000 sq ft data center sitting at the bottom of the building upgraded.

It currently supports 20MW of power into the building through five switches, and uses a loop-fed design to ensure electrical services are not interrupted should a circuit or transformer fail.

On top of this, 14 generators provide power backup and 100,000 gallons of diesel fuel can be delivered on site through cross-fed tanks to provide 31.2MW of emergency power.

The building itself, on Peachtree Street, sits on 3.1 acres and was designed by Philip Shutze, and built in 1927 for US$6m.

Carter Validus’ John Carter said while tenants could not be named, the data center, which is already 100% leased, currently services two Fortune 500 companies and is used by other tenants requiring mission critical operations, one of which has taken out a 30-year lease.

Six different tenants reside in the data center and the average remaining lease term is 11 years.

“We believe the quality of the tenants in the Peachtree Data Center combined with their remaining lease terms and the capital investments in their spaces will help provide stable and predictable income for a very long time,” Carter said.

 

Related images

  • The Peachtree Data Center. Image provided by Carter Validus

Have your say

Please view our terms and conditions before submitting your comment.

required
required
required
required
required
  • Print
  • Share
  • Comment
  • Save

Webinars

  • Is Hyperconvergence a Viable Alternative to the Public Cloud?

    Thu, 31 Mar 2016 15:00:00

    Enterprise IT leaders are right to be skeptical of such bold claims. After all, is it really possible to deliver an on-premises infrastructure that delivers the same agility, elasticity, and cost-effectiveness of public cloud providers like Amazon Web Services? If you’re following the traditional IT model, with its many siloes and best-of-breed point solutions, the answer is, most likely, no. To truly deliver a viable alternative to public cloud, you need to look beyond traditional IT. Join Evaluator Group and SimpliVity to learn more about how hyperconverged infrastructure can deliver the efficiency, elasticity, and agility of public cloud."

  • "Single Pane of Glass” comes to your Datacenter facility & IT operations

    Wed, 24 Feb 2016 18:00:00

    Join Hewlett Packard Enterprise and RoviSys,as well as OSIsoft, for a webinar hosted by DatacenterDynamics’ CTO Stephen Worn, as they discuss the implementation of the “Single Pane of Glass” solution and some of its resulting benefits: •An estimated 10 Million kWh saved in the first full year of operation •Ability to easily meet “Best-Practices” throughout data center operations

  • Overhead Power Distribution – Best Practice in Modular Design

    Wed, 3 Feb 2016 16:00:00

    Overhead power distribution in your data center offers many attractive possibilities, but is not without its challenges. Join Starline's Director of Marketing, Mark Swift; CPI’s Senior Data Center Consultant, Steve Bornfield; and University of Florida's Joe Keena for an exploration of the options and some of the pitfalls, supported by real-life examples from the field.

  • White Space 29: See the diagram

    Fri, 29 Jan 2016 10:40:00

    Peter is investigating DevOps, Bill looks at security while Max is stuck on the infrastructure level

  • White Space 28: The good, the bad and the ugly

    Thu, 21 Jan 2016 12:10:00

    Join the DCD team again this week, as they discuss AMD's ARM based efforts, waste heat, BT's EU deal and cloud for Canucks and much more! Enjoy.

More link