Equinix renews data center leases with Digital Realty

|About: Digital Realty Trust, Inc. (DLR)|By:, SA News Editor

Equinix (EQIX +0.2%) is renewing its leases for five U.S. data centers - they're based in Chicago, L.A., Dallas, Miami, and Washington D.C. - owned by fellow data center colocation firm Digital Realty (DLR -0.4%). (PR)

The renewals are said to be at "market rates," and involve 15-year initial terms from the time of current expirations. They also include "two approximately 10-year renewal options at pre-negotiated rental rates."

The renewals come shortly after Equinix, which hasn't been shy about acquiring and locking up data center capacity, struck a deal to buy major German carrier hotel Kleyer 90.

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