The Tool Desk
Outbyte PC Repair FREERepair Windows errors before they cause bigger problemsFix Now →Outbyte Driver Updater FREEFix the driver behind crashes, sound loss and screen glitchesFind Drivers →Digital Realty Trust (DRT) completed its $140 million acquisition of Chicago’s Lakeside Technology Center from El Paso Corporation, according to a May 31, 2005, report by DataCenterKnowledge. The 1.09-million-square-foot property was reported as 72 percent leased overall; excluding undeveloped shell space, its reported leased share was 96 percent.
Who bought Lakeside Technology Center, and for how much?
Digital Realty Trust bought the Chicago property from El Paso Corporation for a reported $140 million. DataCenterKnowledge reported the deal’s completion on May 31, 2005, and said the sale had been announced in March. The report gives the price but does not establish other transaction terms.
How large was the property, and how much was leased?
DataCenterKnowledge described Lakeside Technology Center as a 1.09-million-square-foot property. It reported two occupancy figures, which use different denominators:
- 72 percent leased overall.
- 96 percent leased when 275,000 square feet of shell space awaiting development is excluded.
The second figure is not a competing estimate of the whole property’s occupancy: it excludes the undeveloped shell space.
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What was the building’s previous ownership?
El Paso had acquired the building from The Carlyle Group in 2001. DataCenterKnowledge said that earlier sale price was not announced and was reported to be well above $140 million. That comparison reflects the 2005 report’s account; it is not a disclosed, verified figure for the 2001 transaction.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What the 2005 report establishes
The figures and transaction details here come from Rich Miller’s short DataCenterKnowledge report, published May 31, 2005. It is not a transaction filing, and it does not establish additional terms or independently document the earlier sale price.
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- Keep critical network equipment secure: glass door and side panels are lockable to prevent unauthorized access; Front door can be installed on either side of the front of the cabinet to satisfy your door swing orientation preference
- Easy equipment configuration: Fully adjustable mounting rails and numbered U positions, with square holes for easy equipment mounting with top and bottom punchout panels for easy cable access
- Durability: Made of high quality cold rolled steel holds up to 110lb (50kg) (Easy Assembly Required)
- PCI & HIPPA and EIA/ECA-310-E compliant
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