Release Details

SAN FRANCISCO, Sept. 12 /PRNewswire-FirstCall/ -- Digital Realty Trust, Inc. (NYSE: DLR), a leading owner and manager of corporate datacenters and Internet gateways, announced today the acquisition of a 50% ownership interest in a joint venture partnership with W. Leslie Pelio & Associates for 1500 Space Park Drive, a premier datacenter development project located in Santa Clara, California. Digital Realty Trust will be responsible for the day-to-day operations of the property.

The planned 343,000 square foot project consists of an existing 50,000 square foot building and additional land to support the development of two new datacenter facilities totaling up to 293,000 square feet. The Company considers Santa Clara to be one of the markets of highest demand for datacenter space in the country with very limited supply of move-in ready facilities.

"We are very pleased to be partnering with Pelio & Associates on this key datacenter development project in the heart of Silicon Valley's preferred location for datacenter space," commented Michael F. Foust, CEO of Digital Realty Trust. "It is located immediately adjacent to our 1100 Space Park facility and within one mile of our other Santa Clara buildings. This site is uniquely positioned to satisfy the extensive power and data network criteria of the most sophisticated corporate datacenter requirements. Initially, we plan to build-out and lease more than 34,000 square feet of Turn-Key Datacenter(TM) space in the existing building and will finalize plans to develop the balance of the site in response to market demand."

"We are thrilled to have a first class partner such as Digital Realty Trust join us in this exciting venture," said Les Pelio, founder and senior partner of W. Leslie Pelio & Associates. "This site is arguably the best datacenter location in Silicon Valley, known locally as 'Datacenter Row.' The phased approach of this large project at 1500 Space Park Drive offers tenants absolutely unique expansion opportunities and flexibility."

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.

About Digital Realty Trust, Inc.

Digital Realty Trust, Inc. owns, acquires, repositions and manages technology-related real estate. The Company is focused on providing Turn-Key Datacenter(TM) and Powered Base Building(TM) datacenter solutions for domestic and international tenants across a variety of industry verticals ranging from information technology and internet enterprises, to manufacturing and financial services. Digital Realty Trust's 66 properties, excluding one property held as an investment in an unconsolidated joint venture, contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter tenants. Comprising approximately 11.9 million rentable square feet, including 1.8 million square feet of space held for redevelopment, Digital Realty Trust's portfolio is located in 26 markets throughout North America and Europe. For additional information, please visit Digital Realty Trust's website at http://www.digitalrealtytrust.com.

Safe Harbor Statement

This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Such forward looking statements include statements related to planned development of the property. These risks and uncertainties include adverse economic or real estate developments in the Company's markets or the technology industry; general economic conditions; defaults on or non-renewal of leases by tenants; increased interest rates and operating costs; inability to manage domestic and international growth effectively; failure to obtain necessary outside financing; decreased rental rates or increased vacancy rates; difficulties in identifying properties to acquire and completing acquisitions at acceptable return levels; failure to successfully operate acquired properties and operations; failure of acquired properties to perform as expected; failure to successfully redevelop properties acquired for such purposes or unexpected costs related thereto; failure to maintain the Company's status as a REIT; environmental uncertainties and risks related to natural disasters; financial market fluctuations; changes in foreign currency exchange rates; risks of operating in foreign markets; and changes in real estate and zoning laws and increases in real property tax rates. For a further list and description of such risks and uncertainties, see the reports and other filings by the Company with the United States Securities and Exchange Commission, including the Company's annual report on Form 10-K for the year ended December 31, 2006. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    A. William Stein              Pamela A. Matthews        Chris Crosby
    Chief Financial Officer       Investor/Analyst          Sales & Technical
    and Chief Investment Officer  Information               Operations
    Digital Realty Trust, Inc.    Digital Realty            Digital Realty
    (415) 738-6500                Trust, Inc.               Trust, Inc.
                                  (415) 738-6500            (214) 231-1350

SOURCE Digital Realty Trust, Inc.