Florida REIT Attracted to Tempe

by Mike Hunter

Carter Validus Mission Critical REIT II, Inc. of Tampa, Fla., purchased a mission-critical network intensive data center facility in the heart of Metropolitan Phoenix. “The investment provides this non-traded real estate investment trust a fully stabilized property with a long-term institutional quality tenant to add to their growing portfolio,” says Mindy Korth, executive vice president with Colliers International in Greater Phoenix, who helped handle the transaction. “The property is uniquely positioned adjacent to the ‘fiber highway’ of Greater Phoenix and there are very few options for future development in the surrounding area.”

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