Healthcare investment trust buys the building as DR gets non-core asset off the books
Digital Realty has continued its strategy of disposing of non-core assets as it sold a 700,000-plus sq ft building in Philadelphia for $161 million.
The purchase was made by a national healthcare-oriented real estate investment trust, DR’s executives told Data Center Knowledge.
The company said the building is part of a series of "non-core" properties in its portfolio.
DR is currently securing a string of partnerships with providers that can offer tenants services like managed hosting, cloud, or cloud connectivity services.
The firm bought the building in 2005 and it had deployed on site retail, telecommunications, and data centre tenants.
This was DR’s third facility to be sold this year alone.