San Francisco, California – (The Hosting News) – January 12, 2006 – Owner and manager of corporate data centers, Digital Realty Trust, Inc., has closed on several acquisitions located in strategic technology markets throughout the United States.
Digital Realty Trust recently acquired 251 Exchange Place in Herndon, Virginia, which is within close proximity to Washington, D.C. and Washington Dulles International Airport. The building is approximately 71,000 square feet and is 100% leased on a long-term basis to a leading metropolitan broadband network provider that uses it as an Internet gateway facility. The purchase price of 251 Exchange Place was approximately $12.9 million.
The Company also recently acquired two buildings at the Met Center Business Park, located five miles southeast of downtown Austin and adjacent to the Austin-Bergstrom International Airport. The first building is approximately 45,000 square feet and is 100% leased to a single tenant that uses it primarily as a network operations center (‘NOC’) and data center. The second building, of approximately 75,000 square feet, is currently unoccupied. The Company intends to position it for redevelopment, targeting corporate and Internet enterprise users for their data center requirements. The Company expects robust demand for the building due to its ideal location for corporate disaster recovery as well as its excellent power and fiber infrastructure. The purchase price of the two buildings at Met Center Business Park was approximately $13.5 million.
Digital Realty Trust also acquired Three Corporate Place in Piscataway, New Jersey, a highly desirable location in the New York metropolitan area. The approximately 283,000 square foot office building currently is unoccupied but is improved with substantial power and fiber infrastructure. The Company plans to redevelop the property into a high-quality data center targeting New York area-based financial institutions with synchronous-application disaster recovery requirements. The purchase price of Three Corporate Center was approximately $14.7 million.
Most recently, the Company acquired 4025 Midway Road in Carrollton, Texas, a suburb of Dallas. The building is an approximately 101,000 square foot data center facility that is currently unoccupied and will be marketed to single and multi-tenant users. This is Digital Realty’s second acquisition of a top tier data center facility in the Dallas area, a prime market location for corporate data centers. The purchase price of 4025 Midway Road was approximately $16.2 million.
According to Michael Foust, Chief Executive Officer of Digital Realty Trust, ”These acquisitions support our ongoing strategy to acquire quality facilities that will expand our presence in the United States’ top technology markets. Additionally, we are very excited to redevelop the New Jersey, Dallas, and Austin properties into high-quality facilities that will meet the long-term demand for data center space in these important markets.”
Digital Realty Trust, Inc. owns, acquires, repositions and manages technology-related real estate. The Company’s 44 properties contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise data center tenants.
To learn more about
Digital Realty Trust, Inc., please visit: www.digitalrealtytrust.com.