DENVER, Aug. 19, 2013 /PRNewswire/ -- CoreSite
Realty Corporation (NYSE: COR), a premier provider of
network-dense, cloud-enabled data center solutions and the CoreSite
Mesh, today announced that it has extended the term of its lease
and expanded its capacity at DE1 (910 15th Street,
Denver, Colorado). CoreSite's DE1
facility is among the most interconnected facilities in the Rocky
Mountain region and a growing component of the CoreSite Mesh.
Supporting the Mesh in Denver,
CoreSite operates Any2 Denver, the
largest peering exchange in the region's strategic and growing
interconnection market, providing direct access to over 25
networks.
In addition to providing CoreSite with contractual rights to
control its lease term into 2024, CoreSite secured the ability to
further scale customer requirements with additional power capacity.
From its Denver campus, comprised
of DE1 and DE2 (639 East 18th Avenue), CoreSite provides
its customers with a strong combination of capacity, connectivity,
community and customer service. The new agreement ensures that
Denver-based customers will have
the opportunity to continue to benefit from and scale with the
CoreSite customer experience.
"We are pleased to execute the agreements supporting additional
growth in the Denver market," said
Tom Ray, CEO at CoreSite. "We look
forward to further enabling our customers in the region to propel
revenue growth through expanded capacity, connectivity and
extensive communities of networks, cloud service providers, content
organizations and enterprises."
About CoreSite
CoreSite Realty Corporation (NYSE: COR)
is the data center provider chosen by more than 750 of the world's
leading carriers and mobile operators, content and cloud providers,
media and entertainment companies, and global enterprises to run
their performance-sensitive applications and to connect and do
business. CoreSite propels customer growth and long-term
competitive advantage through the CoreSite Mesh by connecting the
Internet, private networking, mobility, and cloud communities
within and across its 14 high-performance data center campuses in
eight markets in North America.
With direct access to 275+ carriers and ISPs, over 180 leading
cloud and IT service providers, intersite connectivity, and the
nation's first Open Cloud Exchange that provides access to
thousands of lit buildings and multiple key cloud on-ramps,
CoreSite provides easy, efficient and valuable gateways to global
business opportunities. 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; CoreSite's failure to qualify or
maintain its status as a REIT; 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.
SOURCE CoreSite Realty Corporation