CoreSite to Expand Chicago Data Center Campus
February 14 2018 - 4:15PM
Business Wire
CoreSite to build 175,000-square-foot CH2
enterprise-class data center in downtown Chicago to meet strong
customer demand
CoreSite Realty Corporation (NYSE:COR), a premier provider of
secure, reliable, high-performance data center and interconnection
solutions across the U.S., today announced that it has acquired a
two-acre land parcel in downtown Chicago, Illinois, on which
CoreSite expects to build CH2, a greenfield development of a
175,000-square-foot, turn-key, four-story data center supporting 18
critical megawatts of power capacity.
CoreSite currently expects to commence construction on CH2 at
the end of 2018 or the beginning of 2019, with timing dependent
upon the receipt of necessary entitlements and permits. CoreSite
expects to construct the building in three phases, consisting of 6
megawatts of capacity per phase, with a total estimated cost of
$190 to $210 million at full build-out.
CoreSite’s CH2 enterprise-class data center will be located one
mile from its existing CH1 facility and network node, and CoreSite
plans to connect the two sites via diverse, high-count, dark fiber
to create the type of campus interconnectivity most valued by its
scale customers. CoreSite’s centralized downtown location, adjacent
to the Board of Trade, continues to differentiate its data center
offering, providing access to exceptionally low-latency connections
for the many financial, healthcare, and media companies in this
market.
With the development of CH2, CoreSite’s Chicago campus will
provide current and prospective customers with:
- Ideal colocation environment for
enterprises looking for scalable high-performance capacity to meet
high-density compute and storage needs close to the edge
- Flexible colocation solutions including
cabinets, cages, and build-to-suit suites
- Access to an already robust community,
with high-performance connectivity to more than 30 natively
deployed networks
- Access to leading cloud on-ramps
including AWS Direct Connect, Microsoft Azure ExpressRoute, and
Google Cloud Platform
- Access to on-demand cloud services
through the CoreSite Open Cloud Exchange
- 24x7x365 remote hands services
available from CoreSite’s certified, skilled technicians
- Tenured on-site facilities and
operations team
- Best-in-class security features
including 24x7x365 on-site security officers, key card access,
biometric scanners and double mantrap entries
- A 100% uptime SLA guarantee and a
long-running history of six 9s (99.9999%) uptime in the Chicago
market
- Compliance support for
industry-specific customer requirements
- System and Organization Controls (SOC)
2 Type 2 examination
- SOC 1 Type 2 examination
- International Organization for
Standardization certification (ISO 27001)
- Payment Card Industry (PCI) Data
Security Standard (DSS) validation
- Health Insurance Portability and
Accountability Act (HIPAA) attestation
“We are pleased to have acquired land in downtown Chicago,
providing us with much-needed capacity to serve new and expansion
requirements of current and prospective customers in the fifth
largest multi-tenant data center market in North America,” said
Paul Szurek, Chief Executive Officer at CoreSite. “We expect CH2 to
enhance our ability to compete effectively in the Chicago market
for customer requirements seeking a high performance, cloud-enabled
and scalable, higher density colocation solution.”
About CoreSite
CoreSite Realty Corporation (NYSE:COR) delivers secure,
reliable, high-performance data center and interconnection
solutions to a growing customer ecosystem across eight key North
American markets. More than 1,200 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 450+ 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: any adverse developments in local economic conditions
or the demand for data center space in these markets; operational
difficulties, including difficulties relating to information
systems, internal processes and information security; significant
industry competition; financial market fluctuations; 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20180214006060/en/
CoreSiteGreer Aviv, 303-405-1012Vice President of
Investor Relations and Corporate
CommunicationsGreer.Aviv@CoreSite.com
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