{"id":1004035630,"date":"2012-01-04T12:34:35","date_gmt":"2012-01-04T20:34:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004035523"},"modified":"2022-12-09T02:21:39","modified_gmt":"2022-12-09T10:21:39","slug":"digital-realty-trust-spends-148m-on-data-centers-in-san-francisco-atlanta","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/digital-realty-trust-spends-148m-on-data-centers-in-san-francisco-atlanta\/","title":{"rendered":"Digital Realty Trust Spends $148M on Data Centers in San Francisco, Atlanta"},"content":{"rendered":"

January 4, 2012<\/strong>
\nBy Nicholas Ziegler, News Editor<\/em>
\n

\"\"<\/a>

356 Spear St., which Digital Realty Trust acquired in July 2010<\/p><\/div><\/p>\n

For a purchase price of $85 million, Digital Realty Trust Inc. has become the new owner of San Francisco\u2019s 360 Spear St. The location, which is a 155,000-square-foot data center, is 100 percent leased. In a separate transaction, the firm also purchased a three-story, 334,000-square-foot data center located adjacent to Atlanta\u2019s Hartsfield-Jackson International Airport, for $63 million.<\/p>\n

In a previous deal \u2013 when Digital Realty acquired 365 Spear St., adjacent to one of the new locations \u2013 the company purchased a total of five data centers From Rockwood Capital for $725 million<\/a> in July 2010.<\/p>\n

The Atlanta building\u2019s sale was structured as a sale-leaseback, with the tenant \u2013 an airline \u2013 continuing to occupy 167,000 square feet of the space under a new ten-year agreement with Digital Realty. The remaining space is occupied by a firm that offers processing solutions to the global-travel industry.<\/p>\n

Scott Peterson, chief acquisitions officer for Digital Realty, characterized both transactions as ones that will bring \u201cattractive, risk-adjusted returns for our shareholders,\u201d noting that the new San Francisco facility will provide expansion space for future customers.<\/p>\n

As Commercial Property Executive <\/em>reported in its December issue, Digital Realty closed a $1.5 billion credit facility for its worldwide operations, and is clearly putting its funds to good use. Additionally, data centers as a sector of commercial real estate are coming into their own. \u201cCompanies that benefit from Web traffic conclude that by 2015 the amount of Web traffic will have increased exponentially,\u201d said Richard Scott, leader of Grubb & Ellis Co.\u2019s technology practice group and member of the firm\u2019s data-center practice group. \u201cAnd when Web traffic increases, the infrastructure that supports the Web needs to increase. That means switches, gears and data centers.\u201d<\/p>\n

Digital Realty’s 100 properties cover about 17.9 million square feet. Its portfolio covers 32 markets throughout Europe, North America, Singapore and Australia.<\/p>\n","protected":false},"excerpt":{"rendered":"

For a purchase price of $85 million, Digital Realty Trust Inc. has become the new owner of San Francisco\u2019s 360 Spear St., and for an additional $63 million, the company picked up a data-center facility next to Atlanta’s Hartsfield-Jackson Airport. <\/p>\n","protected":false},"author":1201,"featured_media":1004038429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21783,21742,15],"tags":[],"class_list":["post-1004035630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-investment","category-latest","category-west"],"acf":[],"yoast_head":"\nDigital Realty Trust Spends $148M on Data Centers in San Francisco, Atlanta - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/digital-realty-trust-spends-148m-on-data-centers-in-san-francisco-atlanta\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Digital Realty Trust Spends $148M on Data Centers in San Francisco, Atlanta\" \/>\n<meta property=\"og:description\" content=\"For a purchase price of $85 million, Digital Realty Trust Inc. has become the new owner of San Francisco\u2019s 360 Spear St., and for an additional $63 million, the company picked up a data-center facility next to Atlanta's Hartsfield-Jackson Airport.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/digital-realty-trust-spends-148m-on-data-centers-in-san-francisco-atlanta\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-01-04T20:34:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:21:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/01\/010412-365-Spear-St-San-Fran-Digital-Realty.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"624\" \/>\n\t<meta property=\"og:image:height\" content=\"456\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/digital-realty-trust-spends-148m-on-data-centers-in-san-francisco-atlanta\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/digital-realty-trust-spends-148m-on-data-centers-in-san-francisco-atlanta\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"Digital Realty Trust Spends $148M on Data Centers in San Francisco, Atlanta\",\"datePublished\":\"2012-01-04T20:34:35+00:00\",\"dateModified\":\"2022-12-09T10:21:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/digital-realty-trust-spends-148m-on-data-centers-in-san-francisco-atlanta\\\/\"},\"wordCount\":331,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/digital-realty-trust-spends-148m-on-data-centers-in-san-francisco-atlanta\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/01\\\/010412-365-Spear-St-San-Fran-Digital-Realty.jpg\",\"articleSection\":[\"Featured\",\"Investment\",\"News\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/digital-realty-trust-spends-148m-on-data-centers-in-san-francisco-atlanta\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/digital-realty-trust-spends-148m-on-data-centers-in-san-francisco-atlanta\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/digital-realty-trust-spends-148m-on-data-centers-in-san-francisco-atlanta\\\/\",\"name\":\"Digital Realty Trust Spends $148M on Data Centers in San Francisco, Atlanta - 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