Data center provider Digital Realty Trust Inc. said Wednesday it signed a deal to buy a five-property data-center portfolio from joint ventures that are majority-owned by affiliates of Rockwood Capital for $725 million.
The company said the deal gives it properties in California, Arizona and Virginia, totaling about 919,000 square feet. Digital Realty expects to fund the purchase price with available cash, loans and the sale of debt or equity securities. The acquisition is expected to close on or about July 2.
The properties include 365 Main Street in San Francisco, Calif.; 2260 East El Segundo Boulevard in El Segundo, Calif.; 720 2nd Street in Oakland, Calif.; 2121 South Price Road in Chandler, Ariz.; and 4030-4050 Lafayette Center Drive in Chantilly, Va.