Digital Realty Trust Buys Two More Data Center Properties

[Courtesy Data Center Dynamics]

Digital Realty Trust has completed the acquisition of two more properties in the US, one in Dallas, Texas, and another in Phoenix, Arizona.

The news follows a string of announcements made in March relating to new properties, including the purchase of a 120,000 SF property in Ontario, Canada, that could one day be used for data center space and the purchase of Delta Air’s Minnesota 150,000 SF data center for US$37 Million, which the airline will lease for eight years.

Digital Realty also opened its Chessington data center in the UK in March, which offers 50,000 SF of technical space.

The new Dallas property, which Digital Realty purchased for about US$8.5 Million, is an operating data center totaling 61,750 SF located in Dallas, Texas, about 3.5 miles from Digital Realty’s Digital Dallas Datacenter Campus.

The single-tenant facility is leased on a long-term basis to a leading provider of business, information technology, and communications solutions.

The Phoenix, Arizona purchase consists of three buildings making up about 227,000 SF of space.

The first building offers about 109,000 SF and will be added to Digital Realty’s inventory of space held for development.

Subject to market conditions, the building is capable of supporting approximately 7.2MW of IT capacity.

The seller and current tenant occupies the remaining two office buildings on a short-term lease basis, offsetting the near-term carrying costs for the property, Digital Realty said.

The purchase price for this property was about $24 Million.

Digital Realty chief acquisitions officer Scott Peterson said the acquisition of the Dallas facility is a continuation of the Real Estate Investment Trust’s strategy of adding income producing data center facilities to its global portfolio that offer attractive returns for our shareholders.

“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,” Peterson said.

“Both acquisitions expand our footprint in markets where we see positive demand from customers for our flexible data center solution offerings.”

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About Five 9s Digital, LLC

Five 9s Digital is a data center real estate company offering data center development, investment sales, real estate advisory, and colocation and wholesale data center selection and procurement services. Five 9s Digital has been involved in the development and ownership of multiple mission critical facilities from single user build-to-suit facilities to multi-tenant data centers. Five 9s Digital brings a wealth of experience, background and expertise in providing solutions to the data center arena. Due to the specific and yet evolving requirements of mission critical end users in today’s world, Five 9s Digital is able to offer real solutions, real facilities, and real choices due its extensive and up-to-date knowledge base. Five 9s Digital is a Best Data Sites Certification Alliance™ member.
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