Digital Realty Trust, Inc., a wholesale data center provider, announced that it completed the acquisition of two fully leased datacenter properties for a purchase price of $50.3 million.
The first property is 2950 Zanker Road, located in San Jose, CA, and totals approximately 69,700 rentable sq ft. The building is 100% leased on a long-term basis to a major telecommunications company. The second property is 900 Dorothy Drive, located in Richardson, TX, in close proximity to the company's major redevelopment project, Datacenter Park Dallas. The building totals over 56,000 rentable sq ft and is 100% leased on a long-term basis to another major telecommunications company, serving as one of its primary switch facilities for the southwest region.
"The addition of these facilities to our operating portfolio expands our footprint in two top-tier data center markets and further demonstrates our ability to source and complete the acquisition of high quality assets with credit tenants at attractive yields," said Scott Peterson, senior vice president of acquisitions for Digital Realty Trust.
Digital Realty Trust Completes the Acquisition of Two Fully Leased Data Centers
August 23, 2010