CoreSite Campus Expansion in Reston, Virginia Opens with Phase One Build-out Fully Leased
January 06 2015 - 4:00AM
Business Wire
Phase Two of VA2 Underway
CoreSite Realty Corporation (NYSE:COR), a premier provider of
secure, reliable, high-performance data center solutions across the
US, announced today the opening of “VA2”, the second building on
its Reston campus, with 100% of the first phase of turn-key
capacity leased.
CoreSite's VA2 data center facility, part
of their Reston Campus, opens today with the phase one build-out
fully leased. (Photo: Business Wire)
VA2 comprises 198,000 square feet, of which the
50,000-square-foot Phase 1 turn-key data center capacity was leased
in Q4 2014 to a single anchor tenant. In light of the accelerated
lease-up of Phase 1, CoreSite is now under construction of Phase 2
of the VA2 build-out, totaling an additional approximate 50,000
NRSF, with completion anticipated in Q2 2015.
CoreSite’s design of VA2 reflects the company’s focus upon
bringing enterprises, networks and cloud service providers together
into a high-performance environment, creating added value for all
constituents.
CoreSite’s Reston campus provides:
- Access to nearly 60 network, cloud and
IT service providers
- Interconnection with AWS Direct
Connect
- Access to the CoreSite Open Cloud
Exchange, CoreSite’s Any2® Exchange for Internet peering, the LINX
Peering Exchange, and CoreSite’s Blended IP service
- 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 entry
- 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 custom-configured private suites
- Compliance support for
industry-specific customer requirements such as HIPAA
“We are pleased to open the first phase of VA2 fully leased to
an anchor customer, consistent with our strategy for the facility,”
said Tom Ray, CEO of CoreSite. “Further, we believe that the nearly
60 network, cloud and IT service providers already deployed at our
Reston campus combine with our market-leading network ecosystem at
DC1 and the scalability offered at VA2 to enable CoreSite to offer
one of the most comprehensive solutions in the region for
performance-sensitive customer requirements.”
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;
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.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20150106005290/en/
CoreSiteCourtney Gaudet,
303-222-7274Courtney.Gaudet@CoreSite.com
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