Digital Realty Trust Acquires Property

• By theWHIR.com , April 02, 2007

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April 2, 2007 -- (WEB HOST INDUSTRY REVIEW) -- Data center operator Digital Realty Trust (digitalrealtytrust.com) announced on Thursday it has acquired a property 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 percent leased. The purchase price was $62.5 million.

"The property was purpose built for data center 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," says Michael Foust, CEO of Digital Realty Trust. "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 data center space."

With this acquisition, Digital Realty Trust now has six properties consisting of 10 buildings totaling approximately 770,000 square feet in Northern Virginia.

Digital Realty Trust also recently acquired Unit 9, Blanchardstown Corporate Park in Dublin, Ireland for a purchase price of 36.3 million euros.

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