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August 29, 2007 -- (WEB HOST INDUSTRY REVIEW) -- Data center operator Digital Realty Trust (digitalrealtytrust.com) announced on Wednesday it has acquired 900 Walnut Street and 210 Tucker Boulevard, together previously known as the Bandwidth Exchange Buildings, in St. Louis, Missouri. The total purchase price was $53.0 million.
The seven-story 900 Walnut building is the premier Internet gateway facility for the St. Louis region and hosts over 25 local and long haul fiber carriers and ISPs. It has approximately 110,000 rentable square feet and is 100 percent leased.
The 18-story 210 Tucker Boulevard building is a multi-tenant data center facility with a significant amount of dark fiber connecting directly to the 25-plus fiber carriers at 900 Walnut Street. It has approximately 200,000 rentable square feet, including 62,000 square feet of redevelopment space. Excluding the redevelopment space, the building is approximately 98 percent leased.
"The addition of these buildings to our income producing portfolio represents a very attractive value-add investment opportunity for us," says Michael Foust, CEO of Digital Realty Trust. "Both buildings were renovated in 1999 to serve as Internet gateway and corporate data center facilities. Together these facilities have excess power and fiber available to meet the most demanding corporate IT applications in a market where utility power pricing is very attractive. We plan to make select improvements to each building in order to meet the current tenants' ongoing data center requirements and build out the redevelopment space at 210 Tucker Boulevard to attract new customers to the facility."
Digital Realty Trust announced last week it completed a turn-key data center lease agreement with IntercontinentalExchange, which operates a global, electronic marketplace for trading both futures and OTC energy contracts as well as the soft commodity exchange.
Read Back Issues of WHIR Magazine
October 2009 - Web Hosting's All Star Team
This has been, for us, one of the most interesting, exciting and challenging build-ups to an issue of the magazine yet, Web Hosting's All Star Team. The balloting process was our first experiment with a kind of user participation we're planning to do a lot more with in the months to come. We had thousands of ballots submitted, with hundreds of write-in suggestions and a demonstration of user engagement that has us feeling super positive about the project.
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July 2009 - What am I Worth?
One of the interesting luxuries of working on a project like the printed WHIR magazine is that it allows us to play with things like our point of view from one issue to the next. In recent months we've been giving added attention to the kind of practical and applicable advice aimed at smaller hosts and resellers. This issue carries on with that point of view, asking, in our cover story, "what am I worth?" It's a complicated question without a clear-cut answer.
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May 2009 - The Blueprint for a Small Web Host
I was a little surprised by how difficult it became to see this idea through. We set out to assemble a blueprint for a small hosting business, but butted up pretty quickly against the general impossibility of covering all the territory that was out there to be covered. The basic constraints of a printed magazine, and the less-than-infinite amount of time we had available forced us to face the fact that we could never produce an exhaustive guide to starting a hosting company.
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