Digital Realty Trust Signs Lease Agreements With SAVVIS for New Turn-Key Datacenter(TM) Facilities in Boston and Chicago
SAN FRANCISCO, Oct. 17 /PRNewswire-FirstCall/ — Digital Realty Trust, Inc. (NYSE: DLR), a leading owner and manager of corporate datacenters and Internet gateways, today announced that it has completed lease agreements with SAVVIS, Inc. for new datacenter facilities in Boston and Chicago. The Boston facility totals approximately 66,000 square feet, including approximately 40,000 square feet of Turn-Key Datacenter(TM) space and partially built-out raised floor space. The Turn-Key Datacenter(TM) lease for the new facility in Chicago totals approximately 20,000 square feet of raised floor.
“SAVVIS continues to be a very good customer for us, and these leases are a strong indication of the ongoing demand for our move-in ready Turn-Key Datacenter(TM) space. We are pleased to be able to support the growth of their business by continuing to provide them with flexible real estate solutions,” commented Chris Crosby, Senior Vice President of Digital Realty Trust.
About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. owns, acquires, repositions and manages technology-related real estate. The Company is focused on providing Turn-Key Datacenter(TM) and Powered Base Building(TM) datacenter solutions for domestic and international tenants across a variety of industry verticals ranging from information technology and internet enterprises, to manufacturing and financial services. Digital Realty Trust's 66 properties, excluding one property held as an investment in an unconsolidated joint venture, contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter tenants. Comprising approximately 11.9 million rentable square feet, including 1.8 million square feet of space held for redevelopment, Digital Realty Trust's portfolio is located in 26 markets throughout North America and Europe. For additional information, please visit Digital Realty Trust's website at http://www.digitalrealtytrust.com.
Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Such forward-looking statements include statements related the expected commencement date for its lease with Savvis. These risks and uncertainties include adverse economic or real estate developments in the Company's markets or the technology industry; general economic conditions; defaults on or non-renewal of leases by tenants, in particular Savvis; increased interest rates and operating costs; inability to manage domestic and international growth effectively; failure to obtain necessary outside financing; decreased rental rates or increased vacancy rates; difficulties in identifying properties to acquire and completing acquisitions at acceptable return levels; failure to successfully operate acquired properties and operations; failure of acquired properties to perform as expected; failure to successfully redevelop properties acquired for such purposes or unexpected costs related thereto; failure to maintain the Company's status as a REIT; environmental uncertainties and risks related to natural disasters; financial market fluctuations; changes in foreign currency exchange rates; risks of operating in foreign markets; and changes in real estate and zoning laws and increases in real property tax rates. For a further list and description of such risks and uncertainties, see the reports and other filings by the Company with the United States Securities and Exchange Commission, or SEC, including the Company's annual report on Form 10-K for the year ended December 31, 2006, as updated by subsequent reports on Form 10-Q and Form 8-K filed with the SEC. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For Additional Information:
A. William Stein Pamela A. Matthews Chris Crosby
Chief Financial Officer Investor/Analyst Sales & Technical
and Chief Investment Officer Information Operations
Digital Realty Digital Realty Digital Realty
Trust, Inc. Trust, Inc. Trust, Inc.
(415) 738-6500 (415) 738-6500 (214) 231-1350
SOURCE Digital Realty Trust, Inc.
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