SAN FRANCISCO, Feb. 12, 2020 /PRNewswire/ -- Digital
Realty (NYSE: DLR), a leading global provider of data center,
colocation and interconnection solutions, announced today it has
reached an agreement with Clise Properties to acquire a 49%
ownership interest in the Westin Building Exchange in Seattle, Washington.
The Westin Building Exchange serves as the primary
interconnection hub for the Pacific Northwest, linking Canada, Alaska and Asia along the Pacific Rim. The building is the sixth
most densely interconnected facility in North America, and is home to leading global
cloud, content and interconnection providers, housing over 150
carriers and more than 10,000 cross-connects. The 34-story
tower is adjacent to Amazon's 4.1 million square foot urban campus
and overlooks Elliott Bay as well as
the downtown Seattle
skyline.
"This investment represents a significant step towards executing
on the PlatformDIGITAL™ roadmap we introduced last November, adding
coverage, capacity and connectivity capabilities to enable our
customers' digital transformation strategies," said Digital Realty
Chief Executive Officer A. William
Stein. "This linchpin asset gives us the opportunity
to fully leverage our robust business infrastructure and open up a
full suite of enterprise IT solutions to our global customer base.
This transaction further strengthens our interconnection
platform and demonstrates our commitment to accelerating digital
business on PlatformDIGITAL™."
The Westin Building Exchange occupies a unique position in the
communications infrastructure landscape, given customers' growing
propensity to deploy IT infrastructure at centers of data exchange
around the world, bringing users, things, applications, clouds and
networks to the data. Digital Realty's investment in the
Westin Building will unlock new possibilities for customers to
scale digital transformation by removing data gravity
barriers.
The Westin Building Exchange sits at the digital crossroads of
the Pacific Northwest and provides direct and virtual access to one
of the richest communities of cloud and network providers, powered
by Digital Realty's Service Exchange. When fully integrated
into PlatformDIGITAL™, the Westin Building Exchange will play a
strategic role in addressing customers' coverage, capacity and
ecosystem connectivity needs with a single data center
provider.
The transaction is subject to customary closing conditions and
is expected to close in the first half of 2020. Upon closing,
Digital Realty will assume management and operational oversight for
the facility.
About Digital Realty
Digital Realty supports the data
center, colocation and interconnection strategies of customers
across the Americas, EMEA and APAC, ranging from cloud and
information technology services, communications and social
networking to financial services, manufacturing, energy, healthcare
and consumer products. To learn more about Digital Realty,
please visit digitalrealty.com or follow us
on LinkedIn and Twitter.
Media & Industry Analyst Relations
Marc Musgrove
Digital Realty
+1 (415) 508-2812
mmusgrove@digitalrealty.com
Investor Relations
John J.
Stewart
Digital Realty
+1 (415) 738-6500
InvestorRelations@digitalrealty.com
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,
including statements related to the Westin Building Exchange, the
expected benefits and timing of the transaction and
PlatformDIGITAL™. For a 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. 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.
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SOURCE Digital Realty