San Francisco-based Digital Realty Trust announced this week that it had completed the acquisition of a 329,000 square foot data center facility in Eagan, Minnesota for $37 million. Structured as a sale-leaseback deal, Digital Realty purchased the facility from Delta Air Lines, which has signed an eight-year, triple net lease with Digital Realty for the facility.
"The acquisition of Towerview further expands our footprint in a key U.S. market and deepens our relationship with an existing customer—a major commercial airline with an extensive domestic and international network," said Michael Foust, chief executive officer of Digital Realty. "We look forward to continuing to work with Delta Air Lines to support their future data center requirements."
"We are beginning to see more enterprise customers, such as Delta, looking to Digital Realty to help them monetize their real estate assets while continuing to support their critical operations with a well-capitalized, long-term data center owner," said Scott Peterson, chief acquisitions officer of Digital Realty. "Our deep financial resources, acquisitions experience, and reputation with customers and sellers enable us to source and structure these complex transactions while achieving an attractive return for our shareholders."
Set on 39 acres of land, 1500 Towerview Road is a three-level facility with approximately 86,000 square feet of raised-floor data center space.
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