Upgrades to Property Include Quadrupling of Available Power and Addition of More than 30,000 Square Feet of Datacenter Space
ST. LOUIS, March 31, 2010 /PRNewswire via COMTEX/ --Digital Realty Trust, Inc. (NYSE:DLR, news, filings), the world's largest wholesale datacenter provider, has begun expanding power and datacenter capacity at its 210 N. Tucker property in St. Louis. The centerpiece of these enhancements is the addition of 16 MW of new electrical power, which effectively quadruples the power available to the facility. Other enhancements include a new power distribution system for the building and the addition of 30,000-60,000 square feet of datacenter space.
"These improvements to 210 N. Tucker make it one of the most desirable datacenter properties in the midwestern United States," said Glenn Benoist, Vice President, Portfolio Management at Digital Realty Trust. "The increased level of datacenter demand in St. Louis has prompted us to expand our commitment to this market. With a total of 20 MW of power and a significant amount of new datacenter space, the facility will be the premier site for St. Louis' growing datacenter market. The power enhancement also allows us to offer customers our Turn-Key Datacenter solution."
Located in the heart of downtown St. Louis, 210 N. Tucker is an 18-story building that offers over 200,000 square feet of space and the design flexibility that clients need to support their unique requirements. Powered from Ameren UE's underground power grid with multiple generators on-site and included in the current upgrade, 210 N. Tucker is a carrier-neutral facility serviced by multiple fiber providers that offers a broad array of connectivity options. 210 N. Tucker is also connected to the neighboring facility at 900 Walnut via 400 strands of dark fiber.
Construction has begun and is expected to be completed by Q3 2010. Customers seeking space in the building can begin building out their datacenter space immediately, concurrent with the infrastructure improvements. In addition to this construction, Digital Realty Trust is working with its national and international partners and customers for expansion of their datacenter networks into the 210 N. Tucker property.
Digital Realty Trust is partnering with the St. Louis Regional Chamber and Growth Association (RCGA), the City's Economic Development Agency, the St. Louis Chapter of AFCOM and the local brokerage community to address the needs for quality and affordable datacenter space.
RCGA President and Chief Executive Officer Richard C.D. Fleming, noted, "This is further evidence that the St. Louis region is a leader in the Midwest for datacenter operations. We have the world's largest wholesale datacenter provider making this major investment in St. Louis at a time when the region prepares to showcase St. Louis IT industry successes at the upcoming Gateway to Innovation Conference on April 20th. We at the RCGA were pleased to partner with Digital Realty Trust on this important business expansion project."
"These improvements to 210 N. Tucker will establish the building as one of the most strategic properties in the Midwest. St. Louis is a very attractive location for IT operations because of its low electrical rates," said Dave Caron, Senior Vice President, Portfolio Management at Digital Realty Trust. "Our company's financial strength allows us to make this significant investment in the property. In addition, our Turn-Key Datacenter solution makes us an ideal datacenter partner for customers that are planning datacenter expansions and prefer to avoid the significant capital investment of a do-it-yourself project."
Digital Realty Trust Turn-Key Datacenter facilities provide state-of-the-art environments for supporting mission critical infrastructure, with advanced cooling, power, redundancy, and sustainability features to ensure that critical applications are available while optimizing energy efficiency. Digital Realty Trust's Turn-Key Datacenters are scalable from hundreds of kilowatts of IT Load to megawatts of IT load and are located in markets throughout North America and Europe. Each Turn-Key Datacenter facility is physically secure and features a state-of-the-art power and cooling architecture that has been optimized for green operation. Every Turn-Key Datacenter is built using the Company's proprietary POD Architecture(R) and uses metered power to ensure that clients pay only for the power that they use.
For more information about leasing space at 210 N. Tucker, contact Brent Behrman at 214-231-1350 or email@example.com.
About Digital Realty Trust, Inc.
Digital Realty Trust owns, acquires, redevelops, develops and manages technology-related real estate. The Company is focused on providing Turn-Key Datacenter(R) and Powered Base Building(R) 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 84 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 14.9 million square feet as of February 25, 2010, including 1.8 million square feet of space held for redevelopment, Digital Realty Trust's portfolio is located in 27 markets throughout Europe and North America. Digital Realty Trust calculates occupancy and leased square footage for some of its properties based on factors in addition to contractually leased square feet, including available power, required support space and common area. 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, including statements related to the expansion of power and datacenter capacity at our 210 N. Tucker property in St. Louis. These risks and uncertainties include the impact of the ongoing deterioration in global economic, credit and market conditions; downturn of local economic conditions in our geographic markets; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in our industry or the industry sectors that we sell to (including risks relating to decreasing real estate valuations and impairment charges); our dependence upon significant tenants; bankruptcy or insolvency of a major tenant or a significant number of smaller tenants; defaults on or non-renewal of leases by tenants; our failure to obtain necessary debt and equity financing; increased interest rates and operating costs; our failure to repay debt when due or our breach of covenants or other terms contained in our loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; our inability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully operate acquired or redeveloped properties; risks related to joint venture investments, including as a result of our lack of control of such investments; delays or unexpected costs in development or redevelopment of properties; decreased rental rates or increased vacancy rates; increased competition or available supply of datacenter space; our inability to successfully develop and lease new properties and space held for redevelopment; difficulties in identifying properties to acquire and completing acquisitions; our inability to acquire off-market properties; our inability to comply with the rules and regulations applicable to public companies; our failure to maintain our status as a REIT; possible adverse changes to tax laws; restrictions on our ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; 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, including the Company's Annual Report on Form 10-K for the year ended December 31, 2009. 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
Chief Financial Officer and
Chief Investment Officer
Digital Realty Trust, Inc.
+1 (415) 738-6500
Director of Investor Relations
Digital Realty Trust, Inc.
+1 (415) 738-6500
SOURCE Digital Realty Trust, Inc.