Digital Realty Buys Lease at 111 Eighth
March 22nd, 2007 By: Rich Miller
Digital Realty Trust, Inc. (DLR) continues to expand its footprint in Manhattan’s premier carrier hotels, announcing tonight that it has acquired data center space at 111 Eighth Avenue. Digital Realty said it paid $24.5 million to buy a 33,700 square feet lease from NYC Connect, including two suites located on the third and seventh floors of the building that are 94 percent leased.
“The acquisition of the NYC Connect data centers represents an opportunity for us to expand our presence to over 120,000 square feet of mission critical datacenter space in 111 8th Avenue, a premier hub for Internet connectivity for the northeastern U.S. and one of the premier Internet gateway and corporate datacenter facilities in the world,” commented Michael Foust, CEO of Digital Realty Trust. In October Digital Realty bought AboveNet’s data center at 111 Eighth as part of a larger facilities deal with AboveNet.
Note: An earlier version of this story contained incorrect references to the 111 Eighth Meet-Me-Room business, which was separately acquired by Telx.