Sells a 100 Technology Drive and 4055 Valley View Lane, for an estimated $78.5 million together gaining the company nearly $18 million.
Digital Realty Trust, Inc., a datacenters provider, announced today the sale of 100 Technology Center Drive and 4055 Valley View Lane.
The two structures together cover the 197,000 sq. ft. suburban
office building in Stoughton, Massachusetts and a 240,000 sq. ft.
office building in suburban Dallas, Texas respectively. The combined
sale price for the properties was $78.5 million, resulting in an
estimated total gain on sale of $18.1 million, says the company.
"The sale of these two non-core office buildings allows us to
redeploy capital to support our acquisition and redevelopment
programs," commented Michael Foust, CEO of Digital Realty Trust. "Our
focus is on growing our portfolio of income producing datacenter
facilities as well as building out and leasing additional highly
improved datacenter space from our inventory of space held for
redevelopment."