Data Center Solutions Company Digital Realty Acquires Two Properties

April 5, 2013
Data Center Solutions Company Digital Realty Acquires Two Properties
Data center solutions company Digital Realty Trust, Inc. has acquired two additional properties. The company, with headquarters in San Francisco, California, has bought an operating data center in Dallas, Texas alongside a site in Phoenix, Arizona which is intended for future development.

Digital Realty provides data center facilities designed to meet its customers' needs. The company has a broad customer base, both in the United States and overseas, and caters to companies in a range of industries including those providing information technology, manufacturing and financial services. The company owns 121 properties and its portfolio reaches 32 markets in Europe, North America, Asia and Australia.

Digital Realty's new Dallas, Texas data center is 61,750 square feet and located close to its Digital Dallas Datacenter Campus. The center, which cost approximately $8.5 million, has a single sitting tenant (a business, information technology, and communications solutions provider) that has leased the property on a long-term basis. Digital Realty suggest the new center can support around 7.2 megawatts of IT capacity.

The company's new site in Phoenix, Arizona, which cost approximately $24.0 million, has three buildings which together offer approximately 227,000 square feet of space. Two of the buildings will remain occupied by the current tenant - the seller - while the other will be added to Digital Realty's "inventory of space held for development".

"The acquisition of the Dallas facility is a continuation of our strategy of adding income producing data center facilities to our global portfolio that offer attractive returns for our shareholders," explained Digital Realty's Chief Acquisitions Officer, Scott Peterson. "The acquisition of the Phoenix site adds future inventory to a market where we have experienced significant absorption at our existing facilities coupled with continued strong demand from enterprise customers. Both acquisitions expand our footprint in markets where we see positive demand from customers for our flexible data center solution offerings."

Big moves on the data center front. Do you of anyone else making big purchases? Let us know the details. Add your comments below.

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