Fortune 100 Data Center in Metro Atlanta Sold by Lincoln
- Nov 14, 2014
A Lincoln Property Company Southeast team that included Tony Bartlett, Denton Shamburger and Chip Sipple represented Datawind LLC, the seller of a 184,553-square-foot data center in a $50 million transaction that took place this September, the group announced recently.
Based in Dallas, Lincoln Property Company is one of the nation’s largest diversified commercial real estate groups. The company has more than 6,800 employees in 32 States and 10 countries in Europe; it has developed over 128 million square feet of commercial property and 209,000 apartment units since its 1965 inception. It also has more than 350 million square feet of assets in its management portfolio.
The data center was sold to Carter Validus Mission Critical REIT in a direct transaction. Located on a 21-acre site in Windward Concourse Office Park in Alpharetta, the data center is currently fully occupied by an AA+ rated credit tenant on a long-term lease. The building was originally constructed in 1986 for Contel Corporation and Datawind LLC purchased the property in 1992.
“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,” says senior vice president Tony Bartlett, according to a written announcement released by Lincoln’s Atlanta office.
Known as the “Technology City of the Southeast,” Alpharetta is located in metro Atlanta’s North Fulton submarket which 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 popular and exceedingly suitable for data centers.
Illustration: Victorgrigas via Wikimedia Commons