Digital Realty And Logicworks Enter Lease Agreement For Turn-Key
Flex(SM) Space In New Jersey
SAN FRANCISCO, Nov. 26, 2012 /PRNewswire/ -- Digital Realty
Trust, Inc. (NYSE: DLR), a leading global provider of data center
solutions, announced today that it signed a new Turn-Key
FlexSM lease with Logicworks, a leading provider of
cloud computing and managed hosting services headquartered in
New York City. The lease commenced
in the third quarter and is for space at Digital Realty's data
center facility in Piscataway, New
Jersey.
"Our clients count on us to deliver highly available and
compliant public, private, and hybrid cloud hosting solutions which
means our datacenter footprint needs to be of the highest possible
standard," said Kenneth Ziegler,
Chief Executive Officer of Logicworks. "For our latest domestic
expansion, Digital Realty proved to have the best combination of
top-tier wholesale space and the business flexibility to work with
our time-to-market and ongoing consumption needs."
"The dramatic growth in SaaS and digital content is placing high
demand on cloud service providers like Logicworks," said
Michael F. Foust, Chief Executive
Officer at Digital Realty. "We see the shift to cloud architectures
continuing to increase demand for flexible, world-class data center
solutions that can accommodate growing companies such as
Logicworks. We are very pleased to be partnering with them as
their business continues to expand."
"Our clients often cite Logicworks' service offerings as part of
their solutions to end-customers, and having a strong datacenter
partner like Digital Realty is consistent with the level of quality
they expect about the foundation of our infrastructure," added
Ziegler.
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.
About Logicworks
Logicworks provides cloud computing and managed hosting to some
of the world's most respected brands including Dow Jones, NBC,
Lincoln Center, Orion Health, and 1-800-Flowers.com. Logicworks
specializes in Private, Public and Hybrid Cloud Solutions for SaaS,
Media, eCommerce, Mobile, Healthcare, and Financial services
companies. Logicworks also offers a full suite of Compliance
Solutions and Managed Database Services. Contact Logicworks at
866-FOR-LOGIC or visit www.logicworks.net.
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 110
properties, excluding three properties held as investments in
unconsolidated joint ventures, comprise approximately 21.2 million
square feet as of October 26, 2012,
including 2.2 million square feet of space held for redevelopment.
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.
Safe Harbor Statement
This press release contains forward-looking statements which are
based on Digital Realty Trust, Inc.'s current expectations,
forecasts and assumptions that involve risks and uncertainties that
could cause actual outcomes and results to differ materially,
including statements related to the new lease agreement with
Logicworks and data center demand drivers. These risks and
uncertainties include, among others, the following: the impact of
the recent deterioration in global economic, credit and market
conditions, including the downgrade of the U.S. government's credit
rating; current local economic conditions in its geographic
markets; decreases in information technology spending, including as
a result of economic slowdowns or recession; adverse economic or
real estate developments in its industry or the industry sectors
that it sells to (including risks relating to decreasing real
estate valuations and impairment charges); its 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; its failure to obtain necessary debt and
equity financing; increased interest rates and operating costs;
risks associated with using debt to fund its business activities,
including re-financing and interest rate risks, its failure to
repay debt when due, adverse changes in its credit ratings or its
breach of covenants or other terms contained in its loan facilities
and agreements; financial market fluctuations; changes in foreign
currency exchange rates; its inability to manage its growth
effectively; difficulty acquiring or operating properties in
foreign jurisdictions; its failure to successfully integrate and
operate acquired or redeveloped properties or businesses; risks
related to joint venture investments, including as a result of its
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; its inability to successfully develop
and lease new properties and space held for redevelopment;
difficulties in identifying properties to acquire and completing
acquisitions; its inability to acquire off-market properties; its
inability to comply with the rules and regulations applicable to
reporting companies; its failure to maintain its status as a REIT;
possible adverse changes to tax laws; restrictions on its ability
to engage in certain business activities; environmental
uncertainties and risks related to natural disasters; losses in
excess of its 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 Digital Realty Trust, Inc. with
the U.S. Securities and Exchange Commission, including Digital
Realty Trust, Inc.'s Annual Report on Form 10-K for the year ended
December 31, 2011 and Quarterly
Reports on Form 10-Q for the quarters ended March 31, 2012, June 30,
2012 and September 30,
2012. Digital Realty Trust, Inc. 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:
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A. William
Stein
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Pamela M.
Garibaldi
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Chief
Financial Officer and
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Vice
President, Investor Relations and
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Chief
Investment
Officer
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Corporate
Marketing
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Digital
Realty Trust, Inc.
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Digital
Realty Trust, Inc.
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+1 (415)
738-6500
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+1 (415)
738-6500
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SOURCE Digital Realty Trust, Inc.