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California  + Bay Area  | 

Carter Validus Picks Up Pair of Rancho Cordova Data Centers for $51M

Connect Bay Area is coming up May 17th. Here is where to get more information and register.

Digital Realty Trust divested two mission critical data centers in Sacramento’s Rancho Cordova suburb for $51 million. The buyer of both properties is Carter Validus Mission Critical REIT II, Inc., a Tampa, Florida-based REIT that invests in purpose-built, mission critical data center and healthcare assets.

The properties include 11085 Sun Center Dr., a NNN-leased facility totaling 69,048 square feet (pictured above). The property is fully occupied by a single user. The other facility, at 3065 Gold Camp Dr., is a 63,791-square-foot multi-tenant data center with expansion potential.

The deals represent a further expansion of Carter Validus’ portfolio in Northern California. The Sacramento market has experienced strong growth in the data center sector in recent years due to lower overall construction and operational costs compared to many other markets.

JLL’s Michael Hochanadel, Raul Saavedra, and Jake Wagner handled the sale on behalf of the seller.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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