Digital Realty Bolsters Datacenter Portfolio by Nearly 1M SF to the Tune of $725M
- Jun 02, 2010
June 2, 2010
By Allison Landa, News Editor
By acquiring a five-property datacenter portfolio, Digital Realty Trust has added 919,000 square feet to its inventory. Also known as the Rockwood Capital/365 Main Portfolio, the group of properties were purchased for $725 million.
The portfolio’s properties are located in San Francisco, El Segundo, Calif., Oakland, Calif., Chandler, Az., and Chantilly, Va. All were developed in 2000 or later.
Digital Realty CEO Michael Foust said in a statement that the facilities are critical to the company’s mission, adding that the portfolio is leased to a diverse roster of more than 200 tenants in a variety of industries.
Credit Suisse Securities USA and Citi were financial advisors to Digital Realty. The company owns, acquires, redevelops, develops and manages technology-related real estate. Its 86 properties comprised 15.2 million rentable square feet as of May 25, 2010. The properties are located in 27 markets throughout North America and Europe.