SAN FRANCISCO, Jan. 13 /PRNewswire-FirstCall/ -- Digital Realty Trust, Inc. (NYSE: DLR), the world's largest wholesale datacenter provider, has completed a Turn-Key Datacenter® lease agreement with Terremark Worldwide, Inc. (Nasdaq: TMRK), a leading global provider of managed IT infrastructure services. Through this agreement, Terremark will establish a datacenter in one of Digital Realty Trust's Dallas facilities to support the company's global IT infrastructure and deliver its full suite of industry-leading services from cloud computing to managed hosting and colocation.
"Digital Realty Trust's worldwide portfolio of datacenter properties is uniquely positioned to support global organizations like Terremark," said Brent Behrman, Vice President, Global Sales of Digital Realty Trust. "Our Turn-Key Datacenter space enables customers to rapidly move forward with datacenter projects using wholesale data center space that enables them to skip the time-consuming and expensive process of identifying appropriate real estate and developing it into usable data center space. We are pleased to be working with Terremark for this important project."
"In addition to quickly extending our existing footprint in one of our key markets, this agreement allows us to control operations within a top-tier datacenter that meets our high standards for reliable physical infrastructure," said Randy Rowland, General Manager of Terremark's Hosting Services. "When analyzing our options for expanding our presence in the Dallas area, we realized working with Digital Realty enabled our company to provide customers with our full suite of services from a robust facility in a timely and cost-effective manner."
Terremark will begin to move its infrastructure from its current datacenter facility in Dallas to Digital Realty's facility during the second quarter of 2010. Through the agreement, Terremark will occupy 10,000 square feet of raised floor space with the ability to lease additional space to accommodate future growth.
Digital Realty Trust Turn-Key Datacenter facilities provide state-of-the-art environments for supporting mission critical infrastructure, with advanced cooling, power, redundancy, and sustainability features to ensure that critical applications are available while optimizing energy efficiency. Digital Realty Trust's Turn-Key Datacenters are scalable from hundreds of kilowatts of IT Load to megawatts of IT load and are located in markets throughout North America and Europe. Each Turn-Key Datacenter facility is physically secure and features a state-of-the-art power and cooling architecture that has been optimized for green operation. Every Turn-Key Datacenter is built using the company's proprietary POD Architecture® and uses metered power to ensure that clients pay only for the power that they use.
About Terremark Worldwide, Inc.
Terremark Worldwide (NASDAQ: TMRK) is a leading global provider of IT infrastructure services delivered on the industry's most robust and advanced technology platform. Leveraging data centers in the United States, Europe and Latin America with access to massive and diverse network connectivity, Terremark delivers government and enterprise customers a comprehensive suite of managed solutions including managed hosting, colocation, disaster recovery, security, data storage and cloud computing services. Terremark's Enterprise Cloud computing architecture delivers the agility, scale and economic benefits of cloud computing to mission-critical enterprise and Web 2.0 applications and its DigitalOps® service platform combines end-to-end systems management workflow with a comprehensive customer portal. More information about Terremark Worldwide can be found at http://www.terremark.com.
About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. owns, acquires, redevelops, develops and manages technology-related real estate. The Company is focused on providing Turn-Key Datacenter® and Powered Base Building® datacenter solutions for domestic and international tenants across a variety of industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty Trust's 81 properties, excluding one property held as an investment in an unconsolidated joint venture, contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter tenants. Comprising approximately 14.4 million rentable square feet as of January 4, 2010, including 1.9 million square feet of space held for redevelopment, Digital Realty Trust's portfolio is located in 27 markets throughout North America and Europe. For additional information, please visit Digital Realty Trust's website at http://www.digitalrealtytrust.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. These risks and uncertainties include the impact of the current deterioration in the global economy, including the turmoil in the financial and credit markets; the downturn of local economic conditions in our geographic markets; 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; decreases in real estate valuations and resulting impairment charges; our dependence upon significant tenants; bankruptcy or insolvency of one or more major tenants 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 for refinancing current debt obligations, undertaking or completing redevelopment, completing acquisitions or other purposes; increased interest rates and operating costs; our failure to repay debt when due or our breach of covenants or other terms contained in our loan documents; financial market fluctuations; changes in foreign currency exchange rates; our ability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully operate acquired or redeveloped properties; risks related to joint venture investments, including as a result of our lack of control of certain of these 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; inability to successfully redevelop and lease new properties and space held for redevelopment; difficulties in identifying properties to acquire and completing acquisitions; our inability to acquire off-market properties; our inability to comply with the rules and regulations applicable to public 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; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; 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 United States Securities and Exchange Commission, including the Company's annual report on Form 10-K for the year ended December 31, 2008 and the Company's quarterly reports on Form 10-Q for the quarters ended March 31, 2009, June 30, 2009 and September 30, 2009. 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.
Turn-Key Datacenter, Powered Base Building and POD Architecture are registered service marks of Digital Realty Trust.
For Additional Information:
A. William Stein
Pamela A. Matthews
Chief Financial Officer and
Director of Investor Relations
Vice President of Corporate
Chief Investment Officer
Digital Realty Trust, Inc.
Digital Realty Trust, Inc.
Terremark Worldwide, Inc.
SOURCE Digital Realty Trust, Inc.