April 3, 2007 — (WEB HOST INDUSTRY REVIEW) — Data center operator Digital Realty Trust (digitalrealtytrust.com) announced on Monday it has sold two of its non-core data center facilities for a combined sale price of $78.5 million, resulting in an estimated total gain on sale of $18.1 million.
The 100 Technology Center Drive facility is a 197,000 square foot suburban office building located in Stoughton, Massachusetts, and the 4055 Valley View Lane facility is a 240,000 square foot office building located in suburban Dallas, Texas.
“The sale of these two non-core office buildings allows us to redeploy capital to support our acquisition and redevelopment programs,” says Michael Foust, CEO of Digital Realty Trust. “Our focus is on growing our portfolio of income producing data center facilities as well as building out and leasing additional highly improved data center space from our inventory of space held for redevelopment.”
The first quarter of 2007 saw Digital Realty Trust complete $160.7 million of acquisitions totaling 787,000 square feet, including approximately 411,000 square feet of space held for redevelopment. The company currently has construction projects underway in eleven US and European markets totaling over 500,000 rentable square feet of turn-key data center and build-to-suit data center space.
Digital Realty Trust recently announced it has acquired a property previously known as Loudoun Exchange, located in Ashburn, Virginia.
