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Digital Realty Buys 352,000-SF Facility for $50M

PARIS-The San Francisco-based owner of corporate data centers and Internet gateways acquires a building with 151,000 sf of datacenter space and another 201,000 sf held for redevelopment.

By Brian K. Miller | Updated on December 11, 2006

PARIS-Digital Realty Trust Inc. has acquired a 352,000-sf facility here for $50.11 million (euros 38 million). A source with the San Francisco-based owner of corporate data centers and Internet gateways tells GlobeSt.com the acquisition gives it an instant presence in an important market and provides it room to expand.

Digital Realty Trust owns or controls 11.4 million sf in 57 properties in 25 markets throughout North America and Europe. The Folsom Street acquisition consists of a 151,000-sf datacenter facility that is 64% leased and over 201,000 sf that will be classified as space held for redevelopment. The street address is 114 Rue Ambroise Croizat.

As part of a plan to focus on its core datacenter and Internet gateway facilities, the company recently agreed to outsource the operation of “Meet-Me-Room” facilities in 10 of its 56 buildings to Tel(x) Group Inc., a company that focuses exclusively on operating such facilities. “Meet-Me-Room” facilities are smaller spaces within larger Internet gateway facilities (aka telco hotels) that allow carriers can cross connect.

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