ATLANTA-One of the nation’s premier data centers has a new owner. Carter Validus Mission Critical REIT snapped up 180 Peachtree in Downtown Atlanta for $94.8 million.
Led by Justin Parsonnet and Wendy McArthur, CBRE put together a team that included the Investment Properties Institutional Group and its Critical Environment Practice get the deal done. CBRE professionals Will Yowell, Jay O'Meara and Leigh Martin also worked on the transaction.
“The ownership for 180 Peachtree had created considerable value though multiple large long-term leases recently completed with major data center tenants at the property,” Parsonnet tells GlobeSt.com. “This, coupled with a surge in investor interest in data center properties, presented the ideal opportunity to sell the asset.”
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