The properties will "initially be funded with borrowing under[Digital's] revolving credit facility," according to Digital's SECfiling. The properties that comprise the acquisition are 55Middlesex Tpke. in Bedford, MA; 128 First Ave. in Needham, MA; and60-80 Merritt Blvd. in Trumbull, CT. The property at 55 Middlesexand a 100% condominium interest make up the majority of theportfolio, clocking 87.5% of the purchased space. The portfolio isup to date for data center standards and is at 98% occupancy, as ofSept. 30, 2009.

The sellers were Sentinel Properties – Needham, LLC, SP –Needham I, LLC; Sentinel Properties – Bedford LLC; and SentinelProperties – Trumbull, LLC. There are no plans by the SanFrancisco-based company to renovate the property, as per Digital'sinvestor statement in the 8-K filing. Digital did not respond toGlobeSt.com inquiries by deadline.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.