Press release from PR Newswire
Digital Realty Announces Grand Opening of World-Class Data Center at 105 Cabot Street in Needham, Massachusetts
Monday, June 03, 2013
Digital Realty Announces Grand Opening of World-Class Data Center at 105 Cabot Street in Needham, Massachusetts07:00 EDT Monday, June 03, 2013
SAN FRANCISCO, June 3, 2013 /PRNewswire/ --
WHO: Digital Realty is a leading data center solutions provider in the United States and globally.
WHAT: Digital Realty will host the grand opening of 105 Cabot Street on Wednesday, June 5, 2013.
Located 12 miles from Boston, 105 Cabot Street is the first purpose-built data center building in the Boston market in more than 10 years. The three-story, 130,000 gross square-foot building was master-planned to accommodate five separate Turn-Key FlexSM data centers. With 10 megawatts of redundant utility power, the energy efficient building is designed to be concurrently maintainable for all key infrastructure components. The overall design of the building incorporates outside air economization, which translates to approximately 6,000 hours of free cooling per year. In addition, 105 Cabot Street is part of a data cmenter campus that includes 128 First Avenue?home to many production data center environments serving the healthcare, insurance, financial and technology verticals. The two facilities total almost 450,000 square feet with over 200,000 square feet of data center raised-floor space and each has a tremendous amount of fiber connectivity to major Boston locations.
According to IDC, data is forecast to grow 50 times by 2020, a prediction that is encouraging enterprises to transform their businesses to accommodate this boom in data as well as the move to the cloud, thereby increasing the need for data center space as businesses look to house ever more offsite. The new Cabot Street data center highlights Digital Realty's commitment to meeting the needs of Boston-area organizations, including managed service providers, technology services and biotechnology companies, and universities and hospitals/healthcare organizations, for wholesale and colocation data center options in-state.
David Caron, Senior Vice President of Portfolio Management at Digital Realty, will provide opening remarks. "We have already begun leasing space at 105 Cabot, and are very pleased to bring this facility online at a time when we are seeing increased demand for data center space in the greater Boston area," he said. "The addition of this world-class data center to Digital Realty's portfolio in Massachusetts will help ensure local businesses have access to the most efficient data center space available, regardless of their size."
WHEN: Wednesday, June 5, 2013 from 11:00 a.m. ? 1:00 p.m. EDT
WHERE: Digital Realty, 105 Cabot Street, Needham, MA
INFORMATION: Tours of the facility will begin after lunch. In addition to David Caron, other speakers will include: Daniel Matthews, Chairman of the Board of Selectman for the Town of Needham; John Sarkis, Vice President, Connectivity and Carrier Operations; and Brian Doricko, Vice President of Sales for the East Region at Digital Realty.
To RSVP for the event, please contact: Lauren Williams, 415 848 9354 or firstname.lastname@example.org.
About Digital Realty
Digital 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 122 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 22.7 million square feet as of April 26, 2013, including 2.6 million square feet of space held for development. Digital Realty's portfolio is located in 32 markets throughout Europe, North America, Asia 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.
This media alert 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 105 Cabot Center data center and demand for data center space in the Boston market. These risks and uncertainties include, among others, the following: the impact of global economic, credit and market conditions; decreases in information technology spending; adverse economic or real estate developments in our industry or the industry sectors that we sell to; risks related to our 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; 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 developed properties or businesses; the suitability of our properties and data center infrastructure, delays or disruptions in connectivity, failure of our physical infrastructure or services or availability of power; risks related to joint venture investments, including as a result of our lack of control of such investments; delays or unexpected costs in development 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 development; difficulties in identifying properties to acquire and completing acquisitions; our failure to maintain our status as a REIT; environmental uncertainties and risks related to natural disasters; losses in excess of our insurance coverage; and changes in laws and regulations, including those related to taxation and real estate ownership and operation. 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, 2012 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2013. 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.
1 Digital Realty's Turn-Key Flex? solution is a modular approach to delivering secure, enterprise quality data center space to meet customers' just-in-time requirements. Designed to provide maximum flexibility, reliability and efficiency, each Turn-Key Flex facility comes fully commissioned with its own dedicated electrical and mechanical infrastructure. Utilizing Digital Realty's proprietary POD Architecture® and extensive supply chain, Digital Realty's next generation Turn-Key Flex data center solution is designed for the future and ready today.
For Additional Information:Lauren Williams Director, Corporate MarketingDigital Realty Trust, Inc.+1 (415) 848-9354
SOURCE Digital Realty Trust, Inc.