NEW YORK, Dec. 9, 2013 /PRNewswire/ -- CoreSite Realty
Corporation (NYSE: COR), a provider of network-dense, cloud-enabled
data center products and services, today announces that its NY2
facility, located in Secaucus, NJ,
opened on December 2. NY2 is a 280,000 square-foot data
center, which is connected to CoreSite's NY1 facility located at a
network dense point of interconnection in Manhattan to create one of the most powerful,
network-dense, low-latency campuses on the East Coast. The
New York campus hosts a rich
community of enterprises, financial services providers, ISPs, cloud
providers, and over 70 domestic and international carriers.
For more information on the facility's technical specifications,
visit http://www.coresite.com/secaucus-data-center.php
NY2 is designed to create a scalable option for enterprises
looking to expand and reduce cost in the New York metro area while optimizing
performance with direct, low-latency access to the digital center
of Manhattan. CoreSite
designed the facility to address the performance-sensitive and
security requirements of enterprises, with an abundant number of
high-speed network deployments that complement the existing
network, cloud and enterprise density at CoreSite's NY1
facility.
Key initial fiber networks
The first of many network and fiber providers committed to
deploy in CoreSite's NY2 facility include:
- Cogent Communications, a multinational, Tier 1 ISP that
specializes in providing high speed Internet access and Ethernet
transport over its 100% fiber optic IP network.
- Comcast Business, which is delivering an Ethernet
Dedicated Internet line to help organizations of all sizes meet
their business objectives and ensure reliable and scalable
connectivity between CoreSite customers and their data.
- Cross River Fiber, a New
Jersey-based dark fiber optic and telecommunications
solutions provider that designs, constructs, and maintains its own
independent and redundant network infrastructure for financial
firms.
- Hudson Fiber Network (HFN), the premier data transport
provider offering flexible, high bandwidth, lowest latency
solutions for financial, content, carrier and enterprise
clients.
- Lightower, the premier, all-fiber provider of custom,
high-capacity network services that ensure optimal application and
business performance.
- Seaborn Networks, an independent developer and operator
of submarine fiber optic cable systems.
- Sunesys, a telecommunications company that provides
dedicated dark fiber and e-rate wide area networks to healthcare
companies.
- tw telecom, a leading national provider of managed
network services, including Business Ethernet, throughout the
U.S. tw telecom is the top-ranked competitive
provider of Business Ethernet in the country according to Vertical
Systems Group.
- United Fiber and Data, whose network presents the next
level of true, physical diversity and unrivaled business continuity
– strategically designed to bypass to single points of failure
between New York City and northern
Virginia.
- Zayo Group, a global provider of Bandwidth
Infrastructure services that offers low latency bandwidth via fiber
assets on direct and diverse routes beneficial to financial
customers.
"Our NY2 facility offers CoreSite customers a scalable, reliable
and cost-effective solution for performance-sensitive applications
and computing workloads in a low-latency environment with direct
connection back to our NY1 facility and other key points of network
distribution in Manhattan," said
Tom Ray, Chief Executive Officer at
CoreSite. "Reflecting the value of NY2's location, 10
networks signed leases at NY2 prior to opening, enabling seamless
operations with diverse network paths and potential latency below
0.3 ms, as well as key public cloud providers at our NY1
facility. With an estimated operating cost as low as 60%
below that in Manhattan, and with
CoreSite's industry-leading customer service, we believe that NY2
brings to market a compelling solution to a wide range of
mission-critical, high-performance data center requirements among
enterprises, systems integrators and managed service providers, and
Internet, cloud, content service providers."
About CoreSite
CoreSite Realty Corporation (NYSE: COR) delivers secure,
reliable, high-availability data center products and services
across eight key North American markets. CoreSite connects,
protects and ensures the optimal performance and continued
operation of mission-critical data and IT infrastructure for
enterprises and Internet, private networking, mobility, and cloud
service providers. CoreSite's scalable platform of over 2.5 million
square feet of efficient, network-dense, cloud-enabled data center
capacity empowers customers to accelerate business performance,
reduce operating costs and increase flexibility across their
IT and communications systems. CoreSite's 350 professionals deliver
best-in-class service by placing customer needs first in supporting
the planning, implementation and operating requirements necessary
to ensure reliable, secure and efficient IT environments.
More than 750 of the world's leading enterprises, carriers and
mobile operators, content and cloud providers and media and
entertainment companies choose CoreSite to connect, protect and
optimize their performance-sensitive data, applications and
computing workloads. CoreSite provides direct access to more than
275 carriers and ISPs, inter-site connectivity and CoreSite's Open
Cloud Exchange, which supports rapid, efficient and scalable
Ethernet access to multiple key public clouds, enabling simple,
flexible, multi-cloud capabilities. 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