San Francisco, California – (The Hosting News) – October 19, 2006 – Corporate data center and Internet gateway, Digital Realty Trust, Inc., has acquired the East Coast datacenter business of metro access provider of custom fiber solutions, AboveNet Inc.
With a purchase price of 40 million, the transaction consists of the purchase of one fee simple interest property in Reston, Virginia and two leaseholds located in New York City and Vienna, Virginia. The purchase includes approximately 120,000 square feet of datacenter facilities in three buildings containing approximately 58,000 square feet of turn-key datacenter space.
Following are details about the three datacenters involved in this transaction: — The datacenter facility at 1807 Michael Faraday Court in Reston, has a total square footage of 19,237 square feet and contains 11,541 square feet of Turn-Key Datacenter space. The underlying property and its improvements are being acquired at this site. — The datacenter facility located at 111 8th Avenue in New York City has a total square footage of 83,137 square feet and contains 35,463 square feet of Turn-Key Datacenter space that will be operated by Digital Realty Trust. The improvements are being acquired at this site which is subject to a lease. — The datacenter facility located at 8100 Boone Boulevard in Vienna has a total square footage of 17,015 square feet and contains 10,935 square feet of Turn-Key Datacenter space that will be operated by Digital Realty Trust. The improvements are being acquired at this site which is subject to a lease.
Michael F. Foust, Chief Executive Officer of Digital Realty Trust explained, ”The addition to our portfolio of these outstanding datacenter facilities in New York City and Northern Virginia expands our footprint in two key markets, which are experiencing very strong demand for datacenter space. As a result of this transaction, Digital Realty Trust now operates on behalf of its customers over 500,000 square feet of datacenter space. It also gives us an opportunity to work closely with AboveNet, who shares our commitment to customer service. We look forward to working with each of the customers in 111 8th Avenue, 1807 Michael Faraday Court and 8100 Boone Boulevard to ensure that their needs are met during this transition process and going forward. Digital Realty Trust strives to be a true partner to each of our customers, by working diligently to support their technical needs and business goals not only today but also over the long-term as those needs and goals evolve.”
Digital Realty Trust and AboveNet have developed a comprehensive transition plan for the facilities that is designed to ensure that customers experience no interruption in service and have continuity in both operational and administrative processes regarding their space in the buildings. Bill LaPerch, President and CEO of AboveNet added, ”This news is very positive for our customers in 111 8th Avenue, 1807 Michael Faraday Court and 8100 Boone Boulevard because Digital Realty Trust has such a strong reputation for operational excellence, its focus on customer service and its commitment to investing in the properties it owns. Customers will have two great companies working together to meet their needs: Customers will continue to work with AboveNet to meet their IP network services needs, and they will work with Digital Realty Trust’s world-class operations team for datacenter colocation services to customers in these facilities, including space, cabinets, power, and cross-connects.”
Digital Realty Trust plans to put in place a number of enhancements that will bring added benefits to customers’ tenancy in 111 8th Avenue, 1807 Michael Faraday Court and 8100 Boone Boulevard. These enhancements will include implementation of Digital Realty Trust’s industry-leading management policies for critical facility operations and construction, which will further enhance the security, reliability and performance of mission critical systems housed in the facility. Another key enhancement will be the implementation of the next-generation building management system (BMS) and security system that Digital Realty Trust is deploying across its entire portfolio of buildings. Digital Realty Trust will also deploy its advanced Security Access Control System (SACS) and a Computerized Maintenance Management System (CMMS), which allow tenants to utilize a Web-based dashboard for monitoring and managing all aspects of their installations — from energy usage to security controls to performance metrics — across all the properties where they have equipment. These investments in each building will provide customers with enhanced building management capabilities that deliver significant benefits in areas such as energy efficiency, operational costs and ease of management.
AboveNet, Inc. provides fiber connectivity solutions for businesses. Its private optical network delivers key network and IP services in and between 14 top U.S. metro markets and London. AboveNet’s network is widely used in demanding markets such as financial services, where the majority of top investment banks and 5 of the top 10 U.S. banks rely on AboveNet for mission critical services.
Digital Realty Trust, Inc. owns, acquires, repositions and manages technology-related real estate. The Company’s 49 properties contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise data center tenants. Comprising approximately 10.8 million rentable square feet, including 1.4 million square feet of space held for redevelopment, Digital Realty Trust’s portfolio is located in 24 markets throughout North America and Europe, with one property in Canada.
To learn more about AboveNet Inc., please visit: www.above.net.
For more information about Digital Realty Trust, please visit: www.digitalrealtytrust.com.