Digital Realty Trust, Inc. Acquires Datacenters in New York City from NYC Connect

March 23, 2007; 03:21 AM

San Francisco, CA – Digital Realty Trust, Inc. (NYSE: DLR), a leading owner and manager of corporate datacenters and Internet gateways, announced the acquisition of a leasehold totaling 33,700 square feet of datacenter space from NYC Connect located at 111 8th Avenue in New York City.  The purchase price was $24.5 million. The acquisition consists of two suites located on the third and seventh floors of the building.  The suites are 94% leased and are being managed by Digital Realty Trust.

“The acquisition of the NYC Connect datacenters represents an opportunity for us to expand our presence to over 120,000 square feet of mission critical datacenter space in 111 8th Avenue, a premier hub for Internet connectivity for the northeastern U.S. and one of the premier Internet gateway and corporate datacenter facilities in the world,” commented Michael Foust, CEO of Digital Realty Trust.

NYC Connect, which is a partnership controlled by Taconic Investment Partners, LLC, was represented by Signal Hill in the transaction.

About Digital Realty Trust, Inc.

Digital Realty Trust, Inc. owns, acquires, repositions and manages technology-related real estate.  Digital Realty Trust’s 63 properties contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise data center tenants.  Comprising approximately 11.7 million rentable square feet, including 1.5 million square feet of space held for redevelopment, Digital Realty Trust’s portfolio is located in 25 markets throughout North America and Europe. For additional information, please visit the Digital Realty Trust’s website at www.digitalrealtytrust.com.