Monday, July 16, 2012

Digital Realty Banks on Dallas Landmark


DALLAS (Dallas Morning News) – A landmark Dallas bank has been sold.
San Francisco-based Digital Realty Trust Inc. purchased the 91-year-old Federal Reserve Bank at Akard St. in downtown Dallas. The 269,600-sf historic building was converted to a data center in 1999 and is currently 85 percent leased.
Holliday Fenoglio Fowler LP arranged the sale to the datacenter developer, which owns 103 properties in 31 markets.