Digital Realty Trust, a provider of data center solutions, announced this week that it had purchased a six-building portfolio in Austin, Texas for $31.9 million, according to a San Francisco Business Times article. The portfolio consists of operating data centers and flex office space totaling over 337,000 square feet of space at the MetCenter Business Park. The six buildings are located adjacent to Digital Realty's data center at 7500 Metro Center Drive, approximately five miles southeast of the Austin central business district, and nearby Austin-Bergstrom International Airport.
"The acquisition of this portfolio achieves several key objectives for us," said Scott Peterson, Chief Acquisitions Officer at Digital Realty. "It expands our existing data center footprint in the Austin market, while providing stable cash flow immediately at an attractive going-in cap rate. Second, it provides near-term opportunity to add value by lease existing vacant space. And third, it offers the option to convert a portion of the property to data center space over the longer term as leases expire."
Two of the six buildings, totaling approximately 100,000 net rentable square feet, are operating data centers that are 100% leased to three tenants. The remaining four properties consist of flex office space.
For more news and information visit Blumberg Capital Partners.
No comments:
Post a Comment