Oct, 2005 : Digital Realty Trust Buys Two Properties

📅 October 6, 2005 - Data center operator Digital Realty Trust (digitalrealtytrust.com) announced on Wednesday that it had acquired technology properties in Chicago and Amsterdam.
 The Chicago property, covering 161,500 square feet, was bought for $39 million. The property in Amsterdam totals roughly 112,500 square feet and was purchased for approximately 14 million Euros. The Chicago facility is 85 percent leased, while the Amsterdam facility is 65 percent leased to a single client. "We are very pleased with our continued portfolio growth in the United States and our increasing presence in Western Europe," says Michael Foust, chief executive officer of Digital Realty Trust. "This acquisition enhances our market leading position as the dominant provider of mission critical facilities for telecom network providers and corporate data center users in the Midwest. In addition, the Amsterdam property provides us with improved data center space available for new tenants during a period of increasing demand for technology-related facilities in Europe."