SAN FRANCISCO, Calif. -- Digital Realty Trust, Inc. (NYSE: DLR), a leading owner and manager of corporate datacenters and Internet gateways, announced the acquisition of 900 Walnut Street and 210 Tucker Boulevard, together previously known as the Bandwidth Exchange Buildings, located in St. Louis, Missouri. The total purchase price was $53.0 million.

The seven-story 900 Walnut building serves as the premier Internet gateway facility for the St. Louis region and contains over 25 local and long haul fiber carriers and ISPs. It totals approximately 110,000 rentable square feet and is 100% leased. The 18-story 210 Tucker Boulevard building serves as a multi-tenant datacenter facility with a significant amount of dark fiber connecting directly to the 25+ fiber carriers at 900 Walnut Street. It contains approximately 200,000 rentable square feet, including 62,000 square feet of redevelopment space. Excluding the redevelopment space, the building is approximately 98% leased.

"The addition of these buildings to our income producing portfolio represents a very attractive value-add investment opportunity for us. Both buildings were renovated in 1999 to serve as Internet gateway and corporate datacenter facilities. Together these facilities have excess power and fiber available to meet the most demanding corporate IT applications in a market where utility power pricing is very attractive," commented Michael Foust, CEO of Digital Realty Trust. "We plan to make select improvements to each building in order to meet the current tenants' ongoing datacenter requirements and build out the redevelopment space at 210 Tucker Boulevard to attract new customers to the facility."

"Many of DLR's existing customers occupy space in both 900 Walnut and 210 Tucker. We look forward to the opportunity to expand our relationship with them as we upgrade the buildings and bring in new customers," commented Chris Crosby, SVP of Sales and Technical Services. "Our unique ability to add value through our proprietary POD Architecture(TM) and Critical Facilities Management(TM) programs will provide customers at these facilities with the full breadth of the Digital Realty Trust offering: from Turn-Key Datacenter(TM) to single tenant build-to-suit datacenter."

Digital Realty Trust's Turn-Key Datacenters(TM) are move-in ready, physically secure facilities with the power and cooling capabilities to support critical enterprise applications. Digital Realty Trust offers scalability from one hundred square feet to over one hundred thousand square feet in state-of-the-art facilities with true carrier and managed service provider neutrality and metered power. Its Critical Facilities Management(TM) services and team of technical engineers and datacenter operations experts support the 24/7 mission-critical applications of today's technology and corporate enterprise tenants.