The company has also completed the acquisition of a three-story, 334,000-sq-ft data center facility located adjacent to the Hartsfield-Jackson Atlanta International Airport in Atlanta, for a purchase price of approximately $63 million. The acquisition was structured as a sale leaseback transaction with the previous owner, a major U.S.-based airline, which will continue to occupy approximately 167,000 sq ft under a new ten-year lease agreement with Digital Realty. The balance of the data center facility is leased on a long term basis to a leading provider of critical transaction processing solutions to companies operating in the global travel industry.
"These acquisitions continue our strategy of investing in institutional quality data center facilities at attractive, risk-adjusted returns for our shareholders," said Scott Peterson, chief acquisitions officer for Digital Realty. "The 360 Spear Street property adds a highly strategic asset, which abuts our 365 Main Street colocation facility in downtown San Francisco. While fully leased today, this property has the potential to provide future expansion space for our colocation customers.
"The property in Atlanta adds a world-class facility with quality corporate customers to our global portfolio," added Peterson. "We believe that our investment management approach to acquiring, developing and operating data center facilities will continue to provide both our customers and our shareholders a long-term platform for growth."