PHILADELPHIA-Tampa, Florida-based Carter Validus Mission Critical REIT Inc. has picked up a data center in Northeast Philadelphia for $65 million. The REIT paid $540 per square foot for the 121,000-square-foot flex property at 2000 Kubach Road in the Byberry Industrial Park.
The building, developed in 1993, sits on 25.6 acres of land. It is leased to Vanguard Group. Michael B. Harrell, Patrick Lynch and Robert J. Fahey from CBRE Inc. handled the deal. For the full story, go to Philadelphia Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
