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Digital Realty Trust, Inc. Acquires Datacenter Facilities in Northern Virginia |
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April 2, 2007 – (HOSTSEARCH.COM) – A datacenter provider Digital Realty Trust, Inc. (www.digitalrealtytrust.com) announced its acquisition of 43881, 43831 and 43791 Devin Shafron Drive, previously known as Loudoun Exchange, located in Ashburn, Virginia. The property consists of three single-story buildings totaling 432,000 square feet and is approximately 40% leased. The purchase price was $62.5 million.
"With this acquisition we now have six properties consisting of ten buildings totaling approximately 770,000 square feet in Northern Virginia. It is one of the top markets for datacenter space in the country with strong demand coming from government, Internet enterprise, system integrators and other corporate customers," commented Michael Foust, CEO of Digital Realty Trust. "The property was purpose built for datacenter use and includes over 167,000 square feet of space leased to two global tenants, a major aeronautics corporation and a leading Internet enterprise company. The remaining 265,000 square feet will be included in our value added inventory of space held for redevelopment, which has the potential to support over 160,000 square feet of highly improved datacenter space."
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