SAN FRANCISCO-Digital Realty Trust, Inc. has completed the acquisition of two fully leased datacenter properties for a purchase price of $50.3 million. The first property is 2950 Zanker Rd., located in San Jose, CA, and totals approximately 69,700 rentable square feet. The building is 100% leased on a long-term basis to “a major telecommunications company.”
The second property is 900 Dorothy Dr., located in Richardson, TX, in close proximity to the company’s major redevelopment project, Datacenter Park Dallas. The building totals over 56,000 rentable square feet and is 100% leased on a long-term basis to another major telecommunications company, serving as one of its primary switch facilities for the southwest region.
“The addition of these facilities to our operating portfolio expands our footprint in two top-tier datacenter markets and further demonstrates our ability to source and complete the acquisition of high quality assets with credit tenants at attractive yields,” says Scott Peterson, senior vice president of acquisitions.
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