Digital Realty Trust, Inc. has announced the signing of two major leases totaling approximately 210,500 square feet at projects in Santa Clara, California and Dublin, Ireland.
The company signed a long term lease for Turn-Key DatacenterÔäó space with a leading Web 2.0 social networking company for an 86,000 square foot single building redevelopment project in Santa Clara, California. The Company also leased during the quarter its new ground up development project, located in Dublin, Ireland, to one of Ireland's largest telecommunications service suppliers. Of the building's 124,500 square feet, 64,500 square feet was leased on a Powered Base BuildingÔäó basis and the remaining 60,000 square feet was leased on a Turn-Key DatacenterÔäó basis.
"These leases demonstrate the success of our redevelopment program and we are pleased with our overall leasing performance during the fourth quarter of 2007," commented Michael F. Foust, chief executive officer of Digital Realty Trust. "Our products offer corporate enterprise customers, including financial institutions, other global Fortune 1000 and Web 2.0 companies alike, as well as large system integrators, flexible, cost effective, customer-oriented solutions for their immediate and longer term datacentre requirements, making Digital Realty Trust a preferred business partner."
"A record number of leases were signed for our Turn-Key DatacenterÔäó space during the quarter and we see this accelerating pace continuing into 2008," added Chris Crosby, senior vice president of Digital Realty Trust. "Markets where the Company is experiencing the strongest demand include Chicago, Northern New Jersey, Silicon Valley, Phoenix, Dallas and Northern Virginia in the US and London, Dublin, and Paris in Europe."