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Digital Realty Buys Austin Data Center for $12.5 Million

Texas Business reports: AUSTIN—San Francisco’s Digital Realty Trust Inc., a provider of data center solutions, completed the acquisition of 8025 North Interstate 35, a 62,000-square-foot data center facility located in Austin, Texas.

The property totals 62,237 rentable square feet and is fully leased on a long term, triple net basis to a leading provider of integrated disaster recovery, managed services, IT consulting and business continuity management software solutions.

The purchase price was $12.5 million.

The existing facility delivers approximately 4.5 MW of critical load over 30,000 raised square feet with an N+1 power configuration. Included in the acquisition is 11.28 acres of land which is capable of supporting up to 135,000 square feet of future data center development.

“This acquisition adds a high quality and fully leased operating asset to our portfolio,” said Scott Peterson, chief acquisitions officer of Digital Realty in a prepared statement. “The property is located near our 7500 Metro Center Drive facility, expanding our presence in the Austin market and contributing to our revenue stream with a long term, stabilized lease.”

Digital Realty's customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty's 103 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 19.7 million square feet as of June 6, 2012, including 2.3 million square feet of space held for redevelopment. Digital Realty's portfolio is located in 31 markets throughout Europe, North America, Singapore and Australia.