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From the Wires
Digital Realty Trust Secures Multi-Year Lease on Dallas Facility
Growing Provider of Data Center Managed Services Continues Partnership with Digital Realty Trust to Support Growth in the Desirable Dallas Market
By: PR Newswire
Dec. 1, 2008 07:00 AM
"Demand for Horizon's services is growing at a tremendous rate, and this
new datacenter will allow us to quickly expand our infrastructure to keep pace
with customer requirements. After surveying the market we made the decision
to continue our expansion in partnership with Digital Realty Trust and their
Turn-Key Datacenter(TM) portfolio. Their facilities provide state-of-the-art
environments for supporting mission critical infrastructure, with advanced
cooling, power, redundancy, and sustainability features to ensure that
critical applications are available while optimizing energy efficiency. Our
growth objectives and projections are aggressive, and Digital Realty Trust is
a global company with a portfolio of facilities around the world, making them
a valuable partner as we move forward," said "Horizon is a great success story, and we are proud to be supporting their
growth with this latest project with their team. Horizon is taking advantage
of the speed to market and financial advantages of our Turn-Key Datacenter(TM)
space, which simplifies the process of establishing a new datacenter, enabling
Horizon to dramatically cut the timeline for completing their datacenter
project," said Digital Realty Trust's Turn-Key Datacenters(TM) are scalable from hundreds
of kilowatts of IT Load to megawatts of IT load and are located in markets
throughout About Digital Realty Trust, Inc. Digital Realty Trust, Inc. owns, acquires, redevelops, develops and
manages technology-related real estate. The Company is focused on providing
Turn-Key Datacenter(TM) and Powered Base Building(TM) datacenter solutions for
domestic and international tenants across a variety of industry verticals
ranging from information technology and internet enterprises, to manufacturing
and financial services. Digital Realty Trust's 74 properties, excluding one
property held as an investment in an unconsolidated joint venture, contain
applications and operations critical to the day-to-day operations of
technology industry tenants and corporate enterprise datacenter tenants.
Comprising approximately 12.9 million rentable square feet as of Safe Harbor Statement This press release contains forward-looking statements which are based on
current expectations, forecasts and assumptions that 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 the Company's markets; reductions in information
technology spending; general economic slow-downs or recessions; construction
and development delays, difficulties in or inability to lease space, failure
to commence rental payments on time under signed leases; tenant bankruptcies;
defaults under leases by tenants; increased interest rates; increased
operating costs; failure to obtain necessary outside financing; decreased
rental rates or increased vacancy rates; difficulties in identifying
properties to acquire and completing acquisitions at all or at acceptable
return levels; failure to successfully operate acquired properties and
operations; failure of acquired properties to perform as expected; reductions
in property values; failure to successfully redevelop properties acquired for
such purposes or unexpected costs related thereto; 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; risks of operating in foreign markets; 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 United States Securities and
Exchange Commission, or SEC, including the Company's annual report on Form
10-K for the year ended
A. William Stein
Chief Financial Officer and
Chief Investment Officer
Digital Realty Trust, Inc.
+1 415-738-6500
Pamela A. Matthews
Investor/Analyst Information
Digital Realty Trust, Inc.
+1 415-738-6500
Chris Crosby
Sales & Technical Services
Digital Realty Trust, Inc.
+1 214-231-1350
SOURCE Digital Realty Trust, Inc. SOA World Latest Stories
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