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DRT takes NoVa datacenters for $63 Million
By siliconindia
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Wednesday, 06 January 2010, 18:05 IST
San Francisco: Digital Realty Trust has acquired two fully leased datacenter properties in Northern Virginia, along with a 10.73 acre site for $63.3 million. One property, 45901 and 45845 Nokes Blvd, is locally based, totaling approximately 167,000 rentable square feet. It is leased to a managed service provider, reports GlobeSt.com.
The second property, 21561 and 21571 Beaumeade Circle, is in nearby Ashburn, Virginia, and totals over 164,000 rentable square feet. It is leased to a communications company. Adjacent to the Beaumeade Circle property is the 10.73 acre land parcel, which can support up to 140,000 square feet of new datacenter development.
These transactions are part of Digital Realty Trust's strategy to grow FFO by investing in income producing facilities in top tier markets," according to Scott Peterson, Senior Vice President of acquisitions. The new datacenters are located near the REIT's existing Northern Virginia facilities and leased to existing DLR customers, expanding the company's footprint in Northern Virginia to 1.2 million rentable square feet.
The land parcel can also accommodate future growth, although it is unlikely the company would begin to develop it until its current local development project is fully leased up, a Spokeswoman told GlobeSt.com. "We have a development project underway at our data center campus in Loudoun County that also has two other developable parcels there so we can continue to provide new supply." However, right now the focus is more on acquisitions.
