-- Expansion at VA3 Provides Benefits to
CoreSite’s Customer Community --
A Rich Ecosystem of Natively Deployed Networks,
Cloud on-ramps and Solution Partners
Ability to Deliver Scale, Operational
Flexibility / Performance for Customers’ Digital Transformation
Journey
Access to Rich Set of Local Enterprises,
Systems Integrators, Universities and Governmental Agencies
CoreSite Realty Corporation (NYSE:COR), a premier provider of
secure, reliable, high-performance data center and interconnection
solutions in major U.S. metropolitan areas, recently celebrated the
Grand Opening of its newest colocation facility VA3 in Reston,
Virginia.
Continued Growth at CoreSite’s Reston
Campus
The CoreSite Reston campus and the continued growth and
expansion with VA3 provides the CoreSite customer community with
the immediate benefits of a rich ecosystem of natively deployed
networks, cloud on-ramps, and solution partners. As of June 30,
2019, CoreSite’s Northern Virginia market was comprised of over 280
customers, which includes approximately 40 cloud providers, 170
enterprises, and 70 network providers. Additionally, the Fairfax
County location allows CoreSite to serve the native base of
enterprises, systems integrators, universities, and governmental
agencies with the lowest latency to the largest public clouds.
“The CoreSite Reston campus provides customers cloud
connectivity and delivers the highest security and performance, low
latency, with the lowest cost of cloud service utilization,” said
Juan Font, CoreSite’s Senior Vice President, General
Management.
“With over 100MW of expected capacity for the Reston Campus
Expansion, and the multi-cloud capabilities of the CoreSite
platform, we are in a position to deliver the maximum degree of
scale, operational flexibility and performance throughout the
entire lifecycle of customers’ digital transformation journey,”
said Font.
Supporters and Speakers
“Thank you to Hunter Mill District Supervisor Hudgins and her
team for her unwavering support of CoreSite over the years,” said
Font. “We are also very thankful for the resourcefulness and
commitment of the Fairfax Land Development Services team, as well
as the Economic Development Authority.”
“Additionally, our thanks to Bobbie Kilberg, President and CEO
of the Northern Virginia Technology Council for joining and
providing her perspective with the opening remarks and
participating in the ribbon-cutting ceremony.”
Grand Opening Sponsors
CoreSite also sends special thanks to its sponsors for their
participation and support of the VA3 grand opening, as well as the
contribution to the Northern Virginia
Community College Loudon County Campus Data Center Operations
Technology Scholarship Fund.
CoreSite was pleased to present a donation to provide tuition
assistance to 15 students participating in this program.
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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 1,350 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: the geographic concentration of the Company’s data
centers in certain markets and any adverse developments in local
economic conditions or the amount of supply of or 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, including indirect competition from cloud service
providers; failure to obtain necessary outside financing; the
ability to service existing debt; the 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 the
Company’s good faith beliefs, assumptions and expectations, but
they are not guarantees of future performance. Furthermore, the
Company 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 the Company’s future results to
differ materially from any forward-looking statements, see the
section entitled “Risk Factors” in its most recent annual report on
Form 10-K, and other risks described in documents subsequently
filed by the Company from time to time with the Securities and
Exchange Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20191014005106/en/
CoreSite Contact Carole Jorgensen Vice President Investor
Relations and Corporate Communications 303-405-1012
InvestorRelations@CoreSite.com
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