Digital Realty Cements Control of US Northwest’s Primary Network Hub

Seattle real estate developer Clise Properties has agreed to sell an additional 49 percent stake in the Westin Building Exchange to Digital Realty Trust. Clise sold another 49 percent stake in the downtown property to Digital in 2006, and once this latest deal is closed will retain ownership of only 2 percent. Digital executives declined to disclose terms of the transaction, but the property is highly strategic for the San Francisco-based data center giant. The 40-year-old building is the biggest telecommunications hub in the Pacific Northwest. Being a tenant in the Westin Building Exchange means having network access to more than 150 carriers (including all major Canadian network operators), a multitude of existing and upcoming intercontinental submarine cables that land on the West Coast, and all the big cloud and content companies – all exchanging traffic in the building’s meet-me rooms.