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| Denton Shamburger |
ATLANTA, GA (Nov. 10, 2014) – Lincoln Property Company
Southeast (Lincoln) has handled the $50 million sale of a 184,553-square-foot
data center in suburban Atlanta.
Datawind LLC sold the property, which is fully occupied by a
AA+ rated credit tenant on a long-term lease. Carter Validus Mission Critical
REIT purchased the property, which is located in Alpharetta in metro Atlanta’s
North Fulton submarket, in September 2014.
Tony Bartlett, Denton Shamburger and Chip Sipple of
Lincoln represented the seller in a direct transaction with Carter Validus.
The data center was originally constructed in 1986 for
Contel Corporation and sits on a beautiful 21-acre site in Windward Concourse
Office Park. Datawind LLC purchased the property in 1992.
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| Tony Bartlett |
Alpharetta is known as the “Technology City of the
Southeast,” and the North Fulton submarket is home to one of the highest
concentrations of corporate data center facilities in the region.
The
submarket’s educated labor force, fiber optic networks and abundant power supply
have made this area a mecca for data centers.
“This property generated a very high level of interest in
the marketplace due to the credit worthiness of the tenant, the importance of
the facility and the location within the submarket,” said Bartlett, senior vice
president at Lincoln who oversees the firm’s Atlanta office.
“Not only was our client pleased to complete the sale, but
the buyer was able to obtain a data center possessing tremendous technical
attributes with an incredibly high-credit tenant.”
For a complete copy
of the company’s news release, please contact:
Stephen Ursery
The Wilbert Group
404-405-2354
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