Release Details

SAN FRANCISCO, March 22 /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 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 datacenter 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.

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. 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; 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.

    For Additional Information:

    A. William Stein                   Pamela A. Matthews
    Chief Financial Officer and        Investor/Analyst Information
     Chief Investment Officer          Digital Realty Trust, Inc.
    Digital Realty Trust, Inc.         (415) 738-6500
    (415) 738-6500

SOURCE Digital Realty Trust, Inc.