Carter Validus has acquired a pair office buildings in northern Virginia for $85m. The two properties total 127,796 sq ft and are occupied by PaeTex Communications LLC and another telecommunications company. Both facilities contain special raised flooring and enhanced electric supply equipment and air conditioning systems. The assets are almost fully leased. “We believe this acquisition exemplifies our ability to secure mission critical data centers in strong markets backed by industry-leading tenants under long-term leases,” said Michael Seton, president of Carter Validus.
