Digital Realty Buys Two Valley Properties

Data Center Knowledge (Sep 29 2009) Construction , Power and Cooling

1. Digital Realty Trust (DLR) has acquired two data center properties in Silicon Valley, the company said today. The real estate investment trust paid $44 million to buy properties at 444 Toyama Drive in Sunnyvale, Calif. and 1525 Comstock Street in Santa Clara, Calif. 444 Toyama is an existing 42,000 square foot data center that is fully leased through mid-2022. Digital Realty didn’t identify the tenant, but colocation specialist Switch & Data says it operates a data center at that address. Digital Realty also said it has acquired the ownership interest in 1525 Comstock Street from a joint venture partner. The company has owned an interest in the property since 2007. The 42,000 square feet building is part of Digital Realty’s Santa Clara campus, adjacent to its data centers at 1201 Comstock, 1100 Space Park and 1500 Space Park. (Read Full Article)

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