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Digital Realty Trust, Inc.'s Los Angeles Turn-Key Datacenter Facility to House Expansion of Cyberverse Data Center
Cyberverse Signs Lease for Significant Datacenter Expansion in 600 West 7th
Street's Existing Turn-Key Datacenter Space, to Meet Growing Demand for Its
Colocation, Hosting & Connectivity Services in the Los Angeles Market
SAN FRANCISCO, July 10 /PRNewswire-FirstCall/ -- Digital Realty Trust,
Inc. (NYSE: DLR), the leading owner and manager of corporate data centers
and Internet gateways, announced today that Cyberverse, Inc.
(http://www.cyberverse.com), a full-featured Internet service provider that offers
a complete range of hosting, colocation, and connectivity services, has
signed a lease agreement that significantly expands its presence in 600
West 7th Street, Digital Realty Trust's downtown Los Angeles Internet
Gateway and Turn-Key Datacenter Facility. Cyberverse is more than doubling
its presence in the building by adding 3,500 square feet of fully redundant
datacenter space from Digital Realty Trust's existing stock of turn-key
space on the fourth floor of the building. Cyberverse's expansion will
accommodate rapidly growing demand for high-quality colocation and
datacenter services in the Southern California market.
Located in the central business district of downtown Los Angeles, 600
West 7th Street is one of the premier technology facilities in the Western
United States, offering state-of-the-art datacenter and telecommunications
real estate for mission critical computing and network infrastructure. The
450,000 square foot facility features robust electrical systems, HVAC
infrastructure and telecom network access as well as advanced physical
security and next-generation building automation systems. Digital Realty
Trust's Turn-Key Datacenter Facilities are move-in ready, physically secure
facilities with the power and cooling capabilities to support critical
enterprise applications, offering scalability from one hundred square feet
to over one hundred thousand square. Digital Realty Trust's facilities in
North America and Europe feature true carrier and managed service provider
neutrality and metered power, and the facilities are also fully managed by
its world-class operations and engineering teams to support 24/7
mission-critical applications.
"Demand for Cyberverse's colocation, hosting and connectivity services
has been very strong and we have quickly sold out all of the available
space in our original third floor space in 600 West 7th Street. This newly
leased space on the fourth floor will allow us to immediately begin meeting
the newest orders we have from customers seeking our services," said Jay
Smith, Vice President of Cyberverse. "Working with Digital Realty Trust has
made a lot of sense for Cyberverse not only because of the quality of the
turn-key facilities, but also because we can rely on Digital Realty Trust
to handle day-to-day management and operational responsibilities in the
facility. That is a significant benefit because it frees us up to focus on
customers, devoting our full attention to their needs. Having a partnership
like that with the building owner is a major competitive advantage for our
team."
In addition to its data center in 600 West 7th Street, Cyberverse also
operates high-end, mission-critical data centers in Digital Realty Trust
facilities in San Francisco and Dallas.
"Los Angeles continues to be a strong market for highly-improved
datacenter space, which is harder and harder to find particularly for
companies that are seeking space for significant applications," said
Michael F. Foust, Chief Executive Officer of Digital Realty Trust. "600
West 7th Street is an ideal location not only because our datacenter space
is truly turn-key, but also because the facility is large enough to provide
maximum flexibility as customer needs evolve. We have worked closely with
Cyberverse to assess their current and future needs and to create a
flexible model that ensures the company can fully support the growing
demand for its services."
About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. owns, acquires, repositions and manages
technology-related real estate. The Company's 49 properties contain
applications and operations critical to the day-to-day operations of
technology industry tenants and corporate enterprise data center tenants.
Comprising approximately 10.0 million rentable square feet, including 1.2
million square feet of space held for redevelopment, Digital Realty Trust's
property portfolio is located throughout the United States and Europe with
one property in Canada. For additional information, please visit the
Company's website at http://www.digitalrealtytrust.com.
This press release contains forward-looking statements based on current
expectations, forecasts and assumptions, including current expectations,
forecasts and assumptions related to our market position. These current
expectations, forecasts and assumptions involve risks and uncertainties
that could cause actual outcomes and results to differ materially. These
risks and uncertainties include adverse economic or real estate
developments in our markets or the technology industry; general economic
conditions; defaults on or non-renewal of leases by tenants; increased
interest rates and operating costs; failure to obtain necessary outside
financing; decreased rental rates or increased vacancy rates; difficulties
in identifying properties to acquire and completing acquisitions; failure
to successfully operate acquired properties and operations; our relatively
limited operating history in Europe; failure of acquired properties to
perform as expected; failure to deliver secure facilities or the power
required by our tenants; failure to maintain the Company's status as a
REIT; environmental uncertainties and risks related to natural disasters;
financial market fluctuations; changes in foreign currency exchange rates;
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
Securities and Exchange Commission. 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:
Media Contact:
Rich Miller
415-462-5633
rmiller@digitalrealtytrust.com
Business Contact:
Chris Crosby
214-231-2491
ccrosby@digitalrealtytrust.com
Investor/Analyst Contact:
Pamela Matthews
415-738-6532
pmatthews@digitalrealtytrust.com
SOURCE Digital Realty Trust, Inc.
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