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AtlantiCare Health System, Inc., Egg Harbor Township, NJ |
NEW YORK, NY (April 18, 2013)– In a transaction that
highlights the fast-growing popularity of mission critical data centers among
real estate buyers, Stan Johnson
Company, one of the nation’s premier net lease brokerage firms, has structured
the sale of a key facility 100 percent leased to
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| Camille Renshaw |
The property, located at 6725 Delilah Road in Egg
Harbor Township, New Jersey, sold for $5.65 million after a heated bid process
due to its high quality real estate, strong credit tenant, and long-term lease
that featured 11 years remaining.
Camille Renshaw and Tom Georges of Stan
Johnson Company represented the seller, a private developer, and the buyer,
Gladstone Companies (NASDAQ: GOOD).
AtlantiCare is the region’s largest healthcare organization,
including three hospital campuses and over 60 locations. Its +/-29,257SF data center is located in
Egg Harbor Township is a mission-critical location that is geographically
central to AtlantiCare’s expansive system.
 |
| Tom Georges |
“Data centers are becoming smaller, more energy efficient,
and more mission critical as cloud technologies evolve and the size of
equipment shrinks,” said Camille Renshaw, director and lead broker in Stan
Johnson’s New York City office.
“The mission
critical aspect of the real estate, coupled with the geographical importance of
the site, appeals strongly to institutional buyers as they expand in the data
center sector.”
For a complete copy
of the company’s news release, please contact:
David Ebeling
Ebeling Communications
(949) 278-7851
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