Carter Validus Buys Navisite’s Boston Data Center for $37M

One of the two Carter Validus REITs has acquired a data center in Andover, Massachusetts, fully leased to two tenants, one of whom is the Charter Communications-owned hosting and managed cloud provider Navisite. The REIT paid $37 million for the 135,000-square foot facility outside of Boston.

Carter Validus Mission Critical REIT II acquired its first property in 2014 and today owns close to 50 properties. Like its sister company Carter Validus Mission Critical REIT, the real estate investment trust buys fully leased healthcare facilities and data centers in secondary US markets. Its recent acquisitions include a data center in the Los Angeles market leased to AT&T, a Somerset, New Jersey, data center leased to Datapipe, and a Franklin, Tennessee, data center leased to Peak 10.

Navisite shares the Andover facility with an IT company that provides weather forecasting solutions to clients around the world. Carter Validus did not specify the second tenant’s name.