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

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.

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.

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Andrew is the editor of BizTimes Milwaukee. He joined BizTimes in 2003, serving as managing editor and real estate reporter for 11 years before being promoted to editor in 2015. An award-winning journalist, Weiland is a five-time winner in the Milwaukee Press Club Excellence in Journalism Awards contest and a three-time winner in the Alliance of Area Business Publishers (AABP) Awards contest. He is also a regular guest on WISN-TV Channel 12's 4 p.m. newscast to discuss the week's most significant business news stories.
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. 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.

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