MINNEAPOLIS- Digital Realty Trust, Inc. announced this week that they had completed the acquisition of an advanced data center at 1500 Tower View Road in Eagan, Minnesota, a suburb of Minneapolis. The transaction was a sale-leaseback with Delta Air Lines, which signed an eight-year, triple-net-lease with Digital Realty. The purchase price was $37 million.
The three-level, 329,000-square-foot center, which includes 39 acres of land, has approximately 86,000-square-feet of raised-floor data center space capable of supporting an IT load of 8.0 megawatts.
The purchase helps continue what had been an active year for the San Francisco-based firm. In February, GlobeSt.com reported that Digital Realty's lease commencements in 2012 “generated approximately $134.9 million in annualized GAAP rental revenue, up 35% over 2011 lease commencements.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
