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Stock Market & Financial Investment News

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July 9, 2014
16:21 EDTQTSQTS Realty Trust acquires Sun Times press facility for about $18M
QTS Realty Trust announced that it has completed the acquisition of the former Sun Times Press facility, a 317,000 square foot building located on 30 acres in downtown Chicago, for approximately $18M. This transaction aligns with QTS' growth strategy of purchasing strategically located, infrastructure-rich, large-scale data center facilities at a low basis. The facility is located in the heart of Chicago's high-demand downtown corridor. QTS will have a strategic location and significant capacity to provide its unique 3C product platform of custom data center, colocation and cloud and managed services. QTS has initially financed this transaction through its revolving credit facility. The transaction closed on Tuesday, July 8.
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