Digital Realty Trust, Inc. (NYSE: DLR), a wholesale datacenter provider, has announced that it completed the acquisition of a five-property data center portfolio located in California, Arizona and Virginia, referred to as the Rockwood Capital/365 Main Portfolio.
The portfolio, which comprises approximately 919,000 square feet and consists of 365 Main Street in San Francisco, California, 2260 East El Segundo Boulevard in El Segundo, California, 720 2nd Street in Oakland, California, 2121 South Price Road in Chandler, Arizona and 4030-4050 Lafayette Center Drive in Chantilly, Virginia, was purchased from joint ventures that are majority-owned by affiliates of Rockwood Capital and managed by 365 Main, Inc. All data centers in the Rockwood Capital/365 Main Portfolio were developed in 2000 or later.
The purchase price for the Rockwood Capital/365 Main Portfolio, which includes approximately 250,000 square feet of additional new datacenter development potential at 2121 South Price Road in Chandler, Arizona and $13 million of uninstalled datacenter infrastructure improvements, was approximately $725.0 million.
"We are very pleased to announce the completion of this acquisition, which further demonstrates our ability to negotiate and close complex transactions that result in attractive risk-adjusted returns for our shareholders," commented Michael F. Foust, CEO of Digital Realty Trust. "We believe that the addition of these high quality facilities to our existing portfolio along with many new customer relationships will continue to add value to the Company over the long term."
Digital Realty Trust Completes Acquisition of Rockwood Capital/365 Main Portfolio
July 14, 2010