Digital Reality is one of the Global leaders and most trusted Data Center solution providers. Digital Reality provides cost effective and flexible data center facility to entire range of customers including international and domestic companies. Digital Reality has 110 assets under its name in Asia, North America, Europe and Australia, totally it might come around 21.2 Million Sq Feet which is inclusive of 2.2 Million sq ft of re-development space. Digital Reality’s data centers mainly provide storage facility to telecom companies to maintain their data networks or Internet presence.
Digital Reality plans to build a Data Center in New Jersey; company has acquired a $16.8 Million asset in Totowa, New Jersey. Digital Reality will convert a former warehouse into a data center of 16 Mega Watts capacity. A year ago Industry watchers were having conversation weather New Jersey faced an oversupply of Data centers, but Digital Reality has made a detailed analysis of supply-demand ratio and believes there is more demand for data center space in upcoming years.
CEO of Digital Reality, Michael Foust said, “With our current portfolio in the New York Metro market nearing capacity, this new site enables us to add inventory to meet future demand for highly reliable data center space in this key corporate enterprise market. Its location also adds geographic diversity for customers looking to deploy mission critical business applications outside of Manhattan.”
Chief Acquisition Officer of Digital Reality Scott Peterson said, “Based on our conservative underwriting, we expect to generate attractive risk adjusted
returns on this investment. With the redevelopment opportunity of the existing building coupled with the additional land available for new development, we believe this investment has considerable upside potential.”
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