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02nd April 2007 12:45 PM

DigitalRealty Sells Non-Core Assets
 

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."



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