SAN FRANCISCO, March 15, 2017 /PRNewswire/ -- Digital Realty (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, announced today the opening of a new facility in Atlanta comprising approximately 18,000 square feet of capacity and representing a total investment of approximately $22 million. The new Digital Realty facility at 250 Williams Street is connected via high-speed fiber to the company's existing facility at 56 Marietta Street, the region's premier interconnection hub. Digital Realty's Atlanta connected campus offers all the advantages of an internal network of over 11,000 cross connects between more than 300 customers, including 150 cloud, IT infrastructure and network providers.
"The rapid growth of hybrid- and multi-cloud strategies among innovative enterprises is accelerating the need for colocation facilities in many major metro areas,*" said industry analyst, Liz Cruz, Associate Director at IHS Markit. "Atlanta is one of the country's fastest-expanding tech markets. The additional data center capacity provided by this expansion will help fuel the region's technology growth, and serve as an enabling factor in the city's and its businesses' ongoing financial success."
The Atlanta metro area is an appealing interconnection location for enterprises, telecommunications and cloud providers given its low cost of occupancy, reliable power, robust fiber infrastructure and peering capabilities, in addition to its low risk of natural disasters. It is home to more than 13,000 technology companies, including leaders in financial services, transportation, healthcare, IT, telecommunications and Internet security, as well as more than 30 colleges and universities.
"This expansion builds upon our leadership in the Southeast region, giving our customers new ways to connect, extend their reach and find new business opportunities," said Chris Sharp, Digital Realty's Chief Technology Officer. "Our track record, network choice, solution flexibility, interconnection capabilities and ecosystem deliver exceptional quality and value, and provide assurance for business continuity. We are very pleased to build upon our existing footprint in Atlanta and to continue growing our relationships and community in this developing technology center."
Digital Realty offers a full spectrum of global data center solutions. The company owns and operates 145 properties encompassing approximately 23 million square feet across 33 global metropolitan areas, enabling customers to expand from a single cabinet to a multi-megawatt facility as their needs grow, with no change in providers and no interruption in service. The company's Service Exchange interconnection platform, launched in November 2016, facilitates direct, private and secure connections ("virtual cross connects") to multiple cloud service providers – including Amazon Web Services, Google Cloud Platform and Microsoft Azure – as well as telecommunications providers and other Digital Realty customers worldwide. Customers can actively manage their virtual cross connects through MarketplacePORTAL, Digital Realty's award-winning online customer platform, and scale the bandwidth of their connections up or down as needed.
*Information based on IHS Markit, Technology Group, Multi-Tenant Data Center Intelligence Service. Information is not an endorsement of Digital Realty. Any reliance on these results is at the third party's own risk. Visit technology.ihs.com for more details.
About Digital Realty
Digital Realty supports the data center and colocation strategies of more than 2,200 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products.
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 our uptime statistics and our approach to construction, operations and maintenance. These risks and uncertainties include, among others, the following: the impact of current global economic, credit and market conditions; current local economic conditions in the metropolitan areas in which we operate; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in our industry or the industry sectors that we sell to (including risks relating to decreasing real estate valuations and impairment charges); our 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; our failure to obtain necessary debt and equity financing; risks associated with using debt to fund our business activities, including re-financing and interest rate risks, our failure to repay debt when due, adverse changes in our credit ratings or our breach of covenants or other terms contained in our loan facilities and agreements; 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 and information security 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, increased operating costs or increased vacancy rates; increased competition or available supply of data center space; our inability to successfully develop and lease new properties and development space; difficulties in identifying properties to acquire and completing acquisitions; our inability to acquire off-market properties; the impact of the United Kingdom's referendum on withdrawal from the European Union on global financial markets and our business; our inability to comply with the rules and regulations applicable to reporting companies; our inability to comply with the rules and regulations applicable to reporting companies; our failure to maintain our status as a REIT; possible adverse changes to tax laws; restrictions on our ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; losses in excess of our 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 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, 2016. 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