San Francisco, California – (The Hosting News) – September 17, 2007 – Owner and manager of corporate datacenters and Internet gateways, Digital Realty Trust, Inc., has acquired 50% ownership interest in a joint venture partnership with W. Leslie Pelio and Associates, for 1500 Space Park Drive, a datacenter development project located in Santa Clara, California.
Digital Realty Trust will be responsible for the day-to-day operations of the property. The planned 343,000 square foot project consists of an existing 50,000 square foot building and additional land to support the development of two new datacenter facilities totaling up to 293,000 square feet. The Company considers Santa Clara to be one of the markets of highest demand for datacenter space in the country with very limited supply of move-in ready facilities.
Michael F. Foust, CEO of Digital Realty Trust remarked, ”We are very pleased to be partnering with Pelio and Associates on this key datacenter development project in the heart of Silicon Valley’s preferred location for datacenter space. It is located immediately adjacent to our 1100 Space Park facility and within one mile of our other Santa Clara buildings. This site is uniquely positioned to satisfy the extensive power and data network criteria of the most sophisticated corporate datacenter requirements. Initially, we plan to build-out and lease more than 34,000 square feet of Turn-Key Datacenter space in the existing building and will finalize plans to develop the balance of the site in response to market demand.”
Les Pelio, Founder and Senior Partner of W. Leslie Pelio and Associates commented, ”We are thrilled to have a first class partner such as Digital Realty Trust join us in this exciting venture. This site is arguably the best datacenter location in Silicon Valley, known locally as ‘Datacenter Row.’ The phased approach of this large project at 1500 Space Park Drive offers tenants absolutely unique expansion opportunities and flexibility.”
According to the company, Digital Realty Trust’s Turn-Key Datacenters are move-in ready, physically secure facilities with the power and cooling capabilities to support critical enterprise applications. Digital Realty Trust offers scalability from one hundred square feet to over one hundred thousand square feet in state-of-the-art facilities with true carrier and managed service provider neutrality and metered power. Its Critical Facilities Management services and team of technical engineers and datacenter operations experts support the 24/7 mission-critical applications of today’s technology and corporate enterprise tenants.
Digital Realty Trust’s 62 properties, excluding one property held as an investment in an unconsolidated joint venture, contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter tenants. Comprising approximately 11.4 million rentable square feet, including 1.7 million square feet of space held for redevelopment, Digital Realty Trust’s portfolio is located in 25 markets throughout North America and Europe.
To learn more, please visit: www.digitalrealtytrust.com.