Thursday, Digital Realty Trust Inc. (DLR) signed definitive purchase and sale agreements with unrelated third parties to acquire a three-property data center portfolio located in Massachusetts and Connecticut, also referred to as the New England Portfolio. The purchase price will be approximately $375.0 million and will initially be funded with borrowings under the company's revolving credit facility.
The portfolio comprises a total of approximately 550,290 square feet and consists of 55 Middlesex Turnpike located in Bedford, Massachusetts; a 100% condominium interest that represents 87.5% of the square footage of 128 First Avenue located in Needham, Massachusetts; and 60-80 Merritt Boulevard located in Trumbull, Connecticut. The facilities have been renovated to modern data center standards in the last four years.
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