El Paso Corp. said Tuesday that it has sold its Lakeside Technology Center in Chicago to Digital Realty Trust Inc., which resulted in $140 million in cash at closing. The deal also offers the potential of additional payments to El Paso based on future rental opportunities and other considerations.

The technology center houses a data center, telecommunications network carriers, and information technology service providers. It also serves as a major network distribution site. El Paso acquired the facility in 2001.

The sale is part of El Paso’s overall plan to reduce debt, net of cash to $15 billion by year end. Since its March 17, 2005 update, the company has announced or closed about $0.6 billion of its targeted $1.2-1.6 billion of asset sales.

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