Photo courtesy of the city of Fall River

A Fall River data center has traded for $15.45 million.

Congruity, a data management company that is headquartered in the 199,902-square-foot flex property, sold the facility to Rhino Capital Advisors, according to public records, with a $10.35 million mortgage from Cambridge Savings Bank.

JLL Capital Markets said in an announcement that it had helped arrange the fixed-rate, non-resource loan, with the team led by Senior Director Brett Paulsrud and Associate Madeline Joyce.

Congruity will lease its space back from Rhino for 10 years. The firm offers information technology services to a list of Fortune 500 companies and currently only occupies half the building with its offices and Tier III/IV data center; the back half of the property, JLL said, is a former bill building that Congruity plans to use for further growth.

“Given the current state of the market, there is a renewed interest in data centers from investors,” Paulsrud said in a statement.

Fall River Data Center Sells

by Banker & Tradesman time to read: 1 min
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