Digital Realty Acquires Totowa Redevelopment Property for $16.8M

NEW JERSEY—San Francisco, Cali.-based Digital Realty Trust Inc. has paid approximately $16.8 million for 701 Union Boulevard in Totowa, N.J., a 217,000-sq.-ft. redevelopment property situated on 34.31 acres.

Located approximately 20 miles west of the George Washington Bridge, Digital Realty plans to redevelop 701 Union Boulevard to accommodate 15.75 megawatts of critical IT load.

"With our current portfolio in the New York Metro market nearing capacity, this new site enables us to add inventory to meet future demand for highly reliable data center space in this key corporate enterprise market," said Michael F. Foust, chief executive officer of Digital Realty.

Digital Realty provides data center solutions by providing secure, reliable and cost-effective facilities that meet customers’ data center needs.

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