AT&T data center in Pewaukee sold for $49.8 million

REIT paid more for the property four years ago

An affiliate of Tampa, Florida-based Carter Validus, recently sold the AT&T data center in Pewaukee for $49.8 million, according to state records.

The building was purchased by Wilmington New Castle, Delaware-based Hudson DC Assets LLC.

The 142,952-square-foot building has 40,000 square feet of raised floor space and 60,000 square feet of supporting infrastructure and critical systems.

- Advertisement -

Carter Validus is a commercial real estate investment company that sponsors publicly registered non-traded real estate investment trusts (REITs).

A Carter Validus REIT paid more to acquire the AT&T data center in Pewaukee four years ago. In 2013, Carter Validus Mission Critical REIT Inc. purchased the facility at N15 W24250 S. Riverwood Dr. for $51.87 million from AT&T.

AT&T signed a 10-year lease for the building in 2013.

- Advertisement -

Sign up for the BizTimes email newsletter

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

What's New

BizPeople

Sponsored Content

Holiday flash sale!

Limited time offer. New subscribers only.

Subscribe to BizTimes Milwaukee and save 40%

Holiday flash sale! Subscribe to BizTimes and save 40%!

Limited time offer. New subscribers only.