Data Center: $375M Nets Data Center Portfolio
BEDFORD, MA-Digital Realty Trust, Inc. is purchasing a portfolio of data centers in New England for $375 million. The portfolio spans two states and three properties, totaling 550,290 square feet. The publicly traded REIT will be paying all cash for the data centers, contingent on the closing of the deal.
The properties will “initially be funded with borrowing under [Digital's] revolving credit facility,” according to Digital’s SEC filing. The properties that comprise the acquisition are 55 Middlesex Tpke. in Bedford, MA; 128 First Ave. in Needham, MA; and 60-80 Merritt Blvd. in Trumbull, CT.
By Ryan Clark for GlobeSt
