CoreSite Announces Development of Seventh Data Center in Silicon Valley Market
June 02 2015 - 8:00AM
Business Wire
Phase 1 of SV7 Expected to Be Substantially
Complete in Q2 2016
CoreSite Realty Corporation (NYSE:COR), a premier provider of
secure, reliable, high-performance data center solutions across the
U.S., announced today the development of SV7 on its Santa Clara
campus. CoreSite is initiating the build of SV7 in order to
continue to meet growing demand for multi-tenant data center space
in the Silicon Valley market.
SV7 will comprise approximately 230,000 square feet, of which
CoreSite has pre-leased approximately 35,000 square feet under a
lease executed in Q2 2015. Currently in preconstruction and
anticipated to break ground in Q3 of this year, CoreSite expects to
substantially complete Phase 1 of the building in Q2 2016. The
completion of SV7 will increase the size of CoreSite’s Santa Clara
campus to approximately 600,000 square feet.
CoreSite’s design of SV7 reflects the company’s focus on
creating an interconnected environment comprised of enterprises,
networks and cloud service providers to enable high-performance
applications for CoreSite’s customers.
CoreSite’s Santa Clara campus provides:
- Access to nearly 40 network, cloud and
IT service providers as well as 20 enterprise and digital content
customers
- Access to on-demand cloud services
through the CoreSite Open Cloud Exchange
- Access to CoreSite’s Any2® Exchange for
Internet peering, the largest IP exchange on the West Coast, and
CoreSite’s Blended IP service
- Interconnection with AWS Direct
Connect
- 24x7x365 remote hands services
available from CoreSite’s certified, skilled technicians
- Security features including 24x7x365
in-house on-site security officers, key card access, biometric
scanners and double mantrap entries
- A 100% uptime SLA guarantee and
portfolio record of six 9s (99.9999%) uptime in each of the past
four calendar years
- Flexible solutions including cabinets,
cages, and build-to-suit suites
- Compliance support for
industry-specific customer requirements
- PCI DSS and SSAE 16 SOC 1 Type 2
validated infrastructure and systems
“We are pleased to announce the continued growth of our Santa
Clara campus and to be able to provide a valued customer with a
scalable, flexible data center solution,” said Tom Ray, CEO of
CoreSite. “Santa Clara has continued to be among the top markets in
the U.S. in terms of annual absorption of data center capacity, and
we believe that our SV7 development will bring added best-in-class
capacity to this robust market. Further, the nearly 180 customers
currently deployed within CoreSite’s data centers throughout
Silicon Valley benefit from our continued expansion of the
highly-interconnected environment in which their
performance-sensitive IT applications are deployed.”
About CoreSite
CoreSite Realty Corporation (NYSE:COR) delivers secure,
reliable, high-performance data center solutions across eight key
North American markets. More than 800 of the world’s leading
enterprises, network operators, cloud providers, and supporting
service providers choose CoreSite to connect, protect and optimize
their performance-sensitive data, applications and computing
workloads. Our scalable, flexible solutions and 350+ dedicated
employees consistently deliver unmatched data center options -- all
of which leads to a best-in-class customer experience and lasting
relationships. For more information, visit www.CoreSite.com.
Forward Looking Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as "believes," "expects,"
"may," "will," "should," "seeks," "approximately," "intends,"
"plans," "pro forma," "estimates" or "anticipates" or the negative
of these words and phrases or similar words or phrases that are
predictions of or indicate future events or trends and that do not
relate solely to historical matters. Forward-looking statements
involve known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond CoreSite's control that may
cause actual results to differ significantly from those expressed
in any forward-looking statement. These risks include, without
limitation: the geographic concentration of CoreSite's data centers
in certain markets and any adverse developments in local economic
conditions or the demand for data center space in these markets;
fluctuations in interest rates and increased operating costs;
difficulties in identifying properties to acquire and completing
acquisitions; significant industry competition; CoreSite's failure
to obtain necessary outside financing; financial market
fluctuations; changes in real estate and zoning laws and increases
in real property tax rates; and other factors affecting the real
estate industry generally. All forward-looking statements reflect
CoreSite's good faith beliefs, assumptions and expectations, but
they are not guarantees of future performance. Furthermore,
CoreSite disclaims any obligation to publicly update or revise any
forward-looking statement to reflect changes in underlying
assumptions or factors, of new information, data or methods, future
events or other changes. For a further discussion of these and
other factors that could cause CoreSite's future results to differ
materially from any forward-looking statements, see the section
entitled "Risk Factors" in CoreSite's most recent annual report on
Form 10-K, and other risks described in documents subsequently
filed by CoreSite from time to time with the Securities and
Exchange Commission.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150602005396/en/
CoreSiteCourtney Gaudet,
303-222-7274Courtney.Gaudet@CoreSite.com
Cencora (NYSE:COR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cencora (NYSE:COR)
Historical Stock Chart
From Jul 2023 to Jul 2024