In addition to the sublease, Equinix is paying $1.9 million forVerio Inc.'s data structure infrastructure. The company plans tospend another $16 million to bring the space up to its standards,including upgrading the power plant.
Menlo Park, CA-based Digital Realty Trust paid $142.6 millionearlier this year for the 1.1-million-sf property, built from 1912through 1928 and renovated in 1999. The deal was part of seller ElPaso Corp.'s strategy of trimming company debt.
Equinix hopes to have the former Verio space ready for customersin the first half of 2006. The new space will offer access tonetworks and companies already operating at the Lakeside TechnologyCenter.
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