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Digital Realty Inks Leases Totaling 210,500 SF

SAN FRANCISCO-The locally based datacenter REIT leases 86,000 sf in Santa Clara and a new 124,500-sf building in Dublin, Ireland, at annual rates ranging from $40 per sf to $126 per sf.

By Brian K. Miller | Updated on January 22, 2008

SAN FRANCISCO-Digital Realty Trust Inc. has leased 210,000 sf in Santa Clara and Dublin, Ireland. The datacenter and Internet gateway REIT says a “Web 2.0 social networking company” leased an 86,000-sf building in Santa Clara and “one of Ireland’s largest telecommunications service suppliers” leased a new 124,500-sf building in Dublin.

In Santa Clara, the tenant’s lease was for turnkey datacenter space. In Dublin, the lease was split evenly between datacenter space and shell space with the necessary power to support a datacenter. Digital Realty didn’t detail the lease rates or terms associated with the leases, but it’s fourth quarter filing with the SEC sheds some light in that regard.

During the fourth quarter, Digital Realty signed leases for 429,000 sf, including 245,000 sf of datacenter and 112,000 sf of the aforementioned shell. The average annual GAAP rental rate for the datacenter was $125 per sf and the same for the shell space was $40.65 per sf. The company also leased 72,000 sf of “non-technical” at an average annual rate of $20.90 per sf.

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