Top

Digital Realty Acquires a Third Operating Data Center in San Francisco

January 5, 2012 by  

Web Hosting ServicesSAN FRANCISCO, CA – Digital Realty Trust, Inc. (NYSE: DLR), a leading global provider of data center solutions, has completed the acquisition of 360 Spear Street, a 155,000 square foot data center facility located adjacent to its 365 Main Street facility in San Francisco, California. The purchase price for the 100% leased, multi-tenant facility was $85 million.

The Company has also completed the acquisition of a three-story, 334,000 square foot data center facility located adjacent to the Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, for a purchase price of approximately $63 million. The acquisition was structured as a sale leaseback transaction with the previous owner, a major US based airline, which will continue to occupy approximately 167,000 square feet under a new ten-year lease agreement with Digital Realty. The balance of the data center facility is leased on a long term basis to a leading provider of critical transaction processing solutions to companies operating in the global travel industry.


“These acquisitions continue our strategy of investing in institutional quality data center facilities at attractive, risk-adjusted returns for our shareholders,” said Scott Peterson, Chief Acquisitions Officer for Digital Realty. “The 360 Spear Street property adds a highly strategic asset, which abuts our 365 Main Street colocation facility in downtown San Francisco. While fully-leased today, this property has the potential to provide future expansion space for our colocation customers.

“The property in Atlanta adds a world-class facility with quality corporate customers to our global portfolio,” added Mr. Peterson. “We believe that our investment management approach to acquiring, developing and operating data center facilities will continue to provide both our customers and our shareholders a long-term platform for growth.”

About Digital Realty
Digital Realty Trust, Inc. focuses on delivering customer driven data center solutions by providing secure, reliable and cost effective facilities that meet each customer’s unique data center needs. Digital Realty’s customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty’s 100 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 17.9 million square feet as of December 31, 2011, including 2.1 million square feet of space held for redevelopment. Digital Realty’s portfolio is located in 31 markets throughout Europe, North America, Singapore and Australia. Additional information about Digital Realty is included in the Company Overview, which is available on the Investors page of Digital Realty’s website at www.digitalrealty.com.

Want to receive FREE alerts when your website is down? Sign-up for free website monitoring at UptimeSpy.com.

Be Sociable, Share!

Comments

Comments are closed.

Bottom