Press release from PR Newswire
Digital Realty Signs Turn-Key Datacenter Lease Expansion With Net2EZ
Tuesday, October 25, 2011
Digital Realty Signs Turn-Key Datacenter Lease Expansion With Net2EZ08:00 EDT Tuesday, October 25, 2011New lease expands Net2EZ's footprint with Digital Realty in El Segundo, CaliforniaSAN FRANCISCO, Oct. 25, 2011 /PRNewswire/ -- Digital Realty Trust, Inc. (NYSE: DLR), a global provider of data center solutions, has signed a lease expansion for Turn-Key Datacenter® space with Net2EZ, a leading provider of high power, high performance, high value managed data center services. The long-term lease expansion totals over 24,000 square feet of Turn-Key Datacenter space and 2,356 kilowatts that will house over 1,000 racks at Digital Realty's facility in El Segundo, California. This brings Net2EZ's total footprint at the facility to over 40,000 square feet and 3,900 kilowatts of total capacity."We are very pleased that Net2EZ has selected our facility to expand its existing data center services operations in the Southern California region," said Michael F. Foust, Chief Executive Officer for Digital Realty. "Our Turn-Key Datacenter design is an ideal, cost effective solution for growing colocation customers, such as Net2EZ. It enables them to expand their businesses to meet their customers' ongoing data center services needs without the significant capital investment and construction risk associated with building out their own facility.""Digital Realty's ability to meet our technical requirements and provide a flexible solution quickly and cost effectively made expanding our operations with them an easy decision," said Pervez Delawalla, Chief Executive Officer of Net2EZ. "We have had an excellent, long standing relationship with the Digital Realty team at this and other sites and look forward to working with them on this important project for us."Each Digital Realty Turn-Key Datacenter facility is physically secure and features a state-of-the-art power and cooling architecture that has been optimized for green operation. Every Turn-Key Datacenter is built using the Company's proprietary POD Architecture® and uses metered power to ensure that clients pay only for the power that they use. The facility also comes standard with Digital Realty's PowerVU software, which enables centralized monitoring and management of data center power consumption, energy efficiency and load analysis.About Digital RealtyDigital Realty Trust, Inc. focuses on delivering customer driven data center solutions by providing secure, reliable and cost effective facilities that meet each customer's unique data center needs. Digital Realty's customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty's 98 properties, excluding two properties held as investments in unconsolidated joint ventures, comprise approximately 17.3 million square feet as of October 6, 2011, including 2.2 million square feet of space held for redevelopment. Digital Realty's portfolio is located in 30 markets throughout Europe, North America, Singapore and Australia. Additional information about Digital Realty is included in the Company Overview, which is available on the Investors page of Digital Realty's website at http://www.digitalrealty.com.About Net2EZ Managed Data CentersFounded in 2001 to support the exponential growth of social networking pioneer, Net2EZ continues to power the growth of today's net-centric business with high power, high performance and high value managed data centers. Leading social networks, enterprises, content companies, and communications service providers rely on Net2EZ for uninterruptable operation to support their mission critical application. Net2EZ data centers are purpose-built to handle the growth of most demanding high power and high-density requirements. With strategic footprint and access to key network interconnection points in North America, Net2EZ Managed Network Services provide site diversity and redundancy for net-centric applications.Safe Harbor StatementThis 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, including statements related to our lease expansion with Net2EZ. These risks and uncertainties include, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions including the downgrading of the U.S. government's credit rating; current local economic conditions in our geographic markets; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in our industry or the industry sectors that we sell to (including risks relating to decreasing real estate valuations and impairment charges); our dependence upon significant tenants; bankruptcy or insolvency of a major tenant or a significant number of smaller tenants; defaults on or non-renewal of leases by tenants; our failure to obtain necessary debt and equity financing; increased interest rates and operating costs; risks associated with using debt to fund our business activities, including re-financing and interest rate risks, our failure to repay debt when due, adverse changes in our credit ratings or our breach of covenants or other terms contained in our loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; our inability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully integrate and operate acquired or redeveloped properties; risks related to joint venture investments, including as a result of our lack of control of such investments; delays or unexpected costs in development or redevelopment of properties; decreased rental rates or increased vacancy rates; increased competition or available supply of data center space; our inability to successfully develop and lease new properties and space held for redevelopment; difficulties in identifying properties to acquire and completing acquisitions; our inability to acquire off-market properties; our inability to comply with the rules and regulations applicable to reporting companies; our failure to maintain our status as a REIT; possible adverse changes to tax laws; restrictions on our ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; losses in excess of our insurance coverage; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and changes in local, state and federal regulatory requirements, including 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 U.S. Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2010 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2011 and June 30, 2011. 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:A. William SteinPamela M. GaribaldiChief Financial Officer andVice President, Investor Relations andChief Investment OfficerCorporate MarketingDigital Realty Trust, Inc.Digital Realty Trust, Inc.+1 (415) 738-6500+1 (415) 738-6500SOURCE Digital Realty Trust, Inc.