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Digital Realty Acquires 5 Data Centers.
2005-06-03, HostMan.biz Data center operator and property manager Digital Realty Trust (digitalrealtytrust.com) announced on Friday that it had entered into contracts to acquire five data center facilities and an office building totaling 642,000 square feet. Digital Realty Trust will pay a total of $109 million for the assets. One of the facilities, covering 82,000 square feet, is based in Denver, Colorado and is leased to AmeriQuest Mortgage Company through February 2012. The remaining four data centers and office building are leased to SAVVIS through February 2019. Three of the data centers and the office building are located in Santa Clara, California and the fourth data center is in El Segundo, California. "The assets we're acquiring are fantastic properties that are fully occupied for an extended period," says Michael Foust, chief executive officer of Digital Realty Trust. "AmeriQuest is one of the nation's leading mortgage lenders, and the SAVVIS properties have some of the highest utilization rates in the industry. Adding the five new data centers to our portfolio gives us an even greater opportunity to provide mission critical facilities to leading businesses throughout the United States." Digital Realty also said that it had completed its acquisition of the Lakeside Technology Center in Chicago for approximately 140 million in cash. Lakeside is an 8-story building comprising approximately 1.1 million square feet. 275,000 square feet is vacant space in shell condition held for redevelopment. |
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