SAN FRANCISCO, Nov. 29, 2010 /PRNewswire via COMTEX/ --
Digital Realty Trust, Inc. (NYSE:DLR, news, filings), a global wholesale datacenter provider, today announced that it received the National Association of Industrial and Office Properties (NAIOP) 2010 Award of Excellence from the Northern Virginia Chapter for its new datacenter facility at 43915 Devon Shafron Drive, located in Ashburn, Virginia. This 138,000 square foot facility achieved this prestigious award due to its unique technological design features, superior infrastructure, and best-in-class asset management services. The property was also recognized for achieving 100% lease-up prior to delivery.
"This award is considered a great honor in the Northern Virginia real estate community. It is a testament to the hard work and dedication of the Digital Realty Trust team and their unwavering commitment to provide customers with a best-in-class datacenter facility for their critical business applications," said Robert D. Faktorow, Executive Vice President of CB Richard Ellis, and Regional Leader of the Technology Practice Group. "We are extremely grateful for the partnership we share with Digital Realty Trust."
"We are honored to receive this award and believe it reflects our commitment to our customers. By providing them with a flexible, reliable and cost effective datacenter, like our facility at 43915 Devon Shafron Drive, our customers can successfully deliver their critical business applications," said Michael F. Foust, Chief Executive Officer for Digital Realty Trust. "Working closely with the real estate community is a critical component of meeting our customers' datacenter needs. The Technology Practice Group at CB Richard Ellis is a terrific partner for us as we continue to provide these facilities to our customers in Northern Virginia and other key datacenter markets throughout North America, Europe, and now Singapore."
About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. enables customers to deliver critical business applications by providing flexible, reliable and cost effective datacenter facilities. Digital Realty Trust's customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty Trust's 95 properties, excluding two properties held as investments in unconsolidated joint ventures, comprise approximately 16.4 million square feet as of November 15, 2010, including 1.9 million square feet of space held for redevelopment. Digital Realty Trust's portfolio is located in 27 markets throughout Europe and North America. For additional information, please visit Digital Realty Trust's website at http://www.digitalrealtytrust.com.
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE: CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2009 revenue). The Company has approximately 29,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis has been named a BusinessWeek 50 "best in class" company for three years in a row. Please visit our Web site at www.cbre.com.
Safe Harbor Statement
This press release contains forward-looking statements which are based on Digital Realty Trust, Inc.'s current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to its facilities. These risks and uncertainties include, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions; current local economic conditions in its geographic markets; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in its industry or the industry sectors that it sells to (including risks relating to decreasing real estate valuations and impairment charges); its 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; its failure to obtain necessary debt and equity financing; increased interest rates and operating costs; its failure to repay debt when due or its breach of covenants or other terms contained in its loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; its inability to manage its growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; its failure to successfully operate acquired or redeveloped properties; risks related to joint venture investments, including as a result of its 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 data center space; its inability to successfully develop and lease new properties and space held for redevelopment; difficulties in identifying properties to acquire and completing acquisitions; its inability to acquire off-market properties; its inability to comply with the rules and regulations applicable to reporting companies; its failure to maintain its status as a REIT; possible adverse changes to tax laws; restrictions on its 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 Digital Realty Trust, Inc. with the U.S. Securities and Exchange Commission, including Digital Realty Trust, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2009 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2010, June 30, 2010 and September 30, 2010. Digital Realty Trust, Inc. 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|
|Chief Financial Officer and||Director of Investor Relations|
|Chief Investment Officer||Digital Realty Trust|
|Digital Realty Trust||+1 415-738-6532|
SOURCE Digital Realty Trust, Inc.