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Summary: Digital Realty Trust completed the acquisition of the DataBank building in Dallas, Texas.
Details: The property is at 400 South Akard Street and covers 269,600 sqft in a downtown Dallas location. In terms of power, the property delivers 11.7 MW with the capacity to expand up to 18 MW. The property is roughly 1.5 miles (about 2.5km) from Digital’s 2323 Bryan property. This property has 8 tenants and is at 85% utilization. A full 85% of the revenue stream comes from two clients that are signed on to leases through 2024.