Digital Realty Trust said it plans to open 170,000 square feet of data center space in the United States and the United Kingdom by the end of June.
The new "turn-key" facilities will include:
More than 53,000 square feet in Northern New Jersey
Approximately 34,000 square feet in the London metropolitan area
Approximately 29,600 square feet in Northern Virginia
More than 22,000 square feet in San Francisco
Approximately 33,000 square feet in the Dallas metro area.
"We are accelerating our development plans in these key markets and expect construction to be completed by mid-year," said Michael Foust, chief executive of Digital Realty Trust Thursday. "We are also focused on optimizing space in existing operating facilities to meet local demand for highly improved datacenter space while maximizing the returns to our shareholders," Mr. Foust added.
In addition, the Company announced plans to add space at the following properties:
600 Federal Street in downtown Chicago
210 North Tucker Boulevard in St. Louis, Mo.
113 North Meyers in Charlotte, N.C.
2323 Bryan Street in downtown Dallas, Tex.
Quannapowitt Parkway in the Boston area
"As the largest wholesale datacenter provider, we are committed to meeting our customers' ongoing datacenter requirements in each of our markets. Our strong balance sheet enables us to fund our development program to meet the demand for our Turn-Key product," said A. William Stein, CFO and Chief Investment Officer of Digital Realty Trust. "Our financial strength and ability to access capital are significant advantages for customers seeking space in our global portfolio."
Digital Realty Trust is a San Francisco-based provider of data center facilities for state-of-the-art computing requirements.
This article can also be found at SecuritiesIndustry.com.
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