Herbst hails Digital Realty's investment in Trumbull
First Selectman Timothy M. Herbst this week hailed Digital Realty’s major investment in Trumbull. Digital Realty has spent nearly $75 million on an expansion and renovation project at 80 Merritt Boulevard in Trumbull Corporate Park.
The project has included upgrading the existing building and building a 70,000 square foot addition to provide “best-in-class” data center space. It is aggressively pursuing localized interest in data center services. The company acquired the property in January 2010.
“The Town of Trumbull is honored and extremely fortunate to have a successful new-economy company like Digital Realty make such a significant investment here,” First Selectman Herbst said. “This project is one of the largest private sector investments in the region in the last decade, and we will work tirelessly to justify the faith the company has shown in Trumbull as a host community.”
A 70,000 square foot building expansion will ultimately add three data center suites. As of this writing, the first suite is already fully leased, the second is available for lease and the third will be completed pending demand, Herbst said. When the project is completed, the entire complex will have been enlarged to 240,000 square feet, and will be leased primarily to customers in the communications, investment banking and financial services industries.
Digital Realty (NYSE: DLR) is a U.S. based real estate investment trust delivering customer driven data center solutions globally by providing secure, reliable and cost effective facilities that meet each customer's unique data center needs. Digital Realty's customers include domestic and international companies across multiple industries ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty's 127 properties, including three properties held as investments in joint ventures, comprise approximately 23.7 million square feet as of June 30, 2013. The portfolio is located in 32 markets throughout North America, Europe, Asia and Australia.
Company officials have expressed appreciation for a strong relationship with the Town of Trumbull and the Bridgeport Regional Business Council, resulting in networking opportunities and the timely permitting that helped keep the project on track.
“Digital Realty is delighted to expand its data center in Trumbull, Connecticut,” said Michael F. Foust, Chief Executive Officer of Digital Realty. “We are seeing an increase in local demand for best-in-class data center solutions and we are prepared to meet that demand. In addition, we are very encouraged by the support we have been receiving from our partners in the town offices.”
In June of this year, Digital Realty was named a “2013 Business in Bloom” honoree by the Trumbull Chamber of Commerce, an affiliate of the Bridgeport Regional Business Council. The Town of Trumbull's Economic & Community Development Commission nominated the company for the honor. Digital Realty's Real Estate Manager Sheryl Matteis and Technical Operations Manager John Henshaw accepted the honor on behalf of the company.
Additional information about Digital Realty is available in the Company Overview, which is available on the Investors page of the company's website at www.digitalrealty.com.