Ascent, a leading provider of comprehensive data center solutions, announced this week that it had sold the Ascent CH2 Data Center Facility in Northlake, Illinois for $211.7 million to Carter Validus Mission Critical REIT, Inc. The 250,000 square foot multi-tenant facility features Ascent's Dynamic Data Center Suite model and colocation suites and was designed for a broad range of customers with diverse computing and power density requirements. As part of the deal, Ascent will continue to work directly with current and future tenants through its operation of the Facility and will manage all data center development, design, construction, engineering and operational services.
"Partnering with CVMC REIT allows Ascent to concentrate on building out our current portfolio of data center facilities and increase strategic investment in the development of future locations," said Phil Horstmann, CEO of Ascent. "CVMC REIT's commitment to the data center space is the perfect complement to our design, construction and operational capabilities, strengthening our ability to provide current and future customers with the innovative solutions and mission-critical services they demand."
"Given this property's desirable location and long term leases with high-quality tenants, we believe that the Chicago Data Center is a great addition to our growing portfolio of mission critical real estate assets. We look forward to our relationship with Ascent, a recognized leader in the data center industry, who will continue to manage and develop the property for CVMC REIT," stated Michael Seton, President of Carter/Validus Advisors, the advisor to CVMC REIT.
For more news and information visit Blumberg Capital Partners.
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