These transactions, which closed at the end of December, arepart of Digital Realty Trust's strategy to grow FFO by investing inincome producing facilities in top tier markets," according toScott Peterson, SVP of Acquisitions. The new datacenters arelocated near the REIT's existing Northern Virginia facilities andleased to existing DLR customers, expanding the company's footprintin Northern Virginia to 1.2 million rentable square feet.

The land parcel can also accommodate future growth, although itis unlikely the company would begin to develop it until its currentlocal development project is fully leased up, a spokeswoman tellsGlobeSt.com. "We have a development project underway at our datacenter campus in Loudoun County that also has two other developableparcels there so we can continue to provide new supply." Right now,though, the focus is more on acquisitions, she says. Indeed, DRT ison an acquisition tear, having made a total of $197.7 million ofsuch purchases in 2009.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.