Digital Realty Trust Acquires Datacenter Facilities
30th March 2007
Purchases three single-story buildings totaling 432,000 sq. ft. for $62.5 million with approximately 40% of the space leased.
Digital Realty Trust, Inc.,
a datacenter provider, yesterday announced the acquisition of 43881,
43831 and 43791 Devin Shafron Drive, known as Loudoun Exchange, located
in Ashburn, Virginia.
According to the company, the property consists of three
single-story buildings totaling 432,000 sq. ft. and is approximately
40% leased. The purchase price was $62.5 million.
"With this acquisition we now have six properties consisting of ten
buildings totaling approximately 770,000 square feet in Northern
Virginia. It is one of the top markets for datacenter space in the
country with strong demand coming from government, Internet enterprise,
system integrators and other corporate customers," commented Michael
Foust, CEO of Digital Realty Trust. "The property was purpose built for
datacenter use and includes over 167,000 square feet of space leased to
two global tenants, a major aeronautics corporation and a leading
Internet enterprise company. The remaining 265,000 square feet will be
included in our value added inventory of space held for redevelopment,
which has the potential to support over 160,000 square feet of highly
improved datacenter space."