Copy Cell From Multiple Hyperlink Files

I have created a Macro that lists and creates links of all the Excel Documents in a Directory (500+). I would like to extract from each of those files data from a single cell on a certain sheet. (The sheet and cell are the same in each of these files). The code I have written opens each of these files, copies the data and pastes the value in the column next to each sheet. This is a very time consuming task because of the shear volume. I feel that there is a better way to do this, I'm just not seeing it. If you could come up with a way to create this as a reference that would be great too instead of having to rebuild the entire list if the data changes. Here is the code I have written.

Sub Test2()
' Select cell A1, *first line of data*.
Range("A1").Select
' Set Do loop to stop when an empty cell is reached.
Do Until IsEmpty(ActiveCell)
Selection.Hyperlinks(1).Follow NewWindow:=False, AddHistory:=True
Sheets("Contact Information").Activate
ActiveSheet.Range("B8").Select
Selection.Copy
ActiveWindow.Close
ActiveCell.Offset(0, 1).Select
PasteSpecial zlPasteValues
ActiveCell.Offset(1, -1).Select
Loop
End Sub