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Digital Realty Picks Up Data Center for $123M

DALLAS-Digital Realty Trust has purchased the data center and office Convergence Business Park in suburban Dallas.

By Miriam Lamey | Updated on February 27, 2012

DALLAS-For close to $123 million, Digital Realty Trust Inc. has acquired the 819,000-square-foot data center and office campus located in Lewisville, TX, a Dallas suburb. According to the company, the office property and data facilities span 168 acres, of which 35 is still undeveloped. There are 10 buildings located on the land. Under current zoning laws, the property can support an additional 700,000 square feet of new development.

Digital says that the property is 99% leased to eight long-term tenants, and 35% of the data facilities are leased to data center tenants.

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