Digital Realty Trust Gets Data Center for $63M

ASHBURN, VA-Digital Realty Trust, a San Francisco-based owner and manager of corporate datacenters, has acquired a 432,000-sf complex here previously known as the Loudoun Exchange for $62.5 million. The property, which is 40% occupied, consists of three single-story buildings located at 43881, 43831 and 43791 Devin Shafron Dr. The seller was an affiliate of the Archon Group, a spokeswoman for Digital Realty Trust tells GlobeSt.com.

An aeronautics corporation and an Internet enterprise company currently occupy 167,000 sf. According to a statement by Michael Foust, CEO of Digital Realty Trust, the remaining 265,000 sf will be included in the company’s value added inventory of space held for redevelopment, “which has the potential to support over 160,000 sf of highly improved datacenter space.”

According to Chris Crosby, SVP of sales and technical services, the company is well under way with its redevelopment and master planning of the property and will implement the first phase later in 2007.