PHOENIX AND SCOTTSDALE, ARIZ. — Carter Validus Mission Critical REIT (CVMC) has acquired two data centers in Phoenix and Scottsdale through a sale-leaseback with IO, a software-defined data center technology, services and solutions provider. The combined transaction was valued at $125 million.
IO will continue to use the space to deliver colocation and cloud services across its global data center footprint.
“This transaction is aligned with IO’s long-term strategic plan,” says Anthony Wanger, IO’s president. “Partnering with Carter Validus allows IO to concentrate its focus on what we do best: Operating world-class IO data centers for our customers.”
CVMC REIT is a Kansas City, Mo.-based real estate investment trust (REIT) that specializes in mission-critical real estate assets throughout the United States. Mission-critical real estate assets are purpose-built facilities designed to support the most essential operations of tenants. CVMC focuses on mission-critical assets in the data center and healthcare sectors.
— Nellie Day