Data Center Campus
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CoreSite's Santa Clara Campus contains seven datacenter buildings. (SV3, SV4, SV5, SV6, SV7, SV8, SV9)
SV3 was first building on the campus, but was completely leased out to a single tenant, Facebook. The social network has since ended their lease and CoreSite has since backfilled the facility. (Source: DCK)
SV4 was CoreSite's first multi tenant building on the campus was completed in 2011. Total capital invested in the building has been $93 million.
In 2016, CoreSite delivered SV6, a 136,580 SF powered shell building, to tenant Amazon Web Services. SV6 is a two-story data center built utilizing a modular structural steel system. The exterior facade features approximately 44,000 sf of terra-cotta rain screen system manufactured in Germany.
CoreSite SV7 Data Center is a new four-story, 246,000 sf, fully built-out data center built utilizing a modular structural steel system. Electrical and HVAC systems support upto 18 MW of critical IT load. Highlights of the build include ten 2.5 MW emergency generators, a 60,000-gallon underground fuel storage tank, raised floor systems and a 10,000-pound-capacity freight elevator. The exterior facade features a terracotta rain screen system manufactured in Germany.
SV8 is currently under construction. The building will be four stories with 175,000 sqft. The first phase will be 58,000 square feet with 6 MW of critical power. When fully built out SV8 will support 18 MWs.
In April 2019, Coresite acquired a 3.8-acre land parcel with a single-story office building located adjacent to our Santa Clara campus, for a purchase price of $26 million. CoreSite expects to develop SV9 after the existing office leases expire.
| Data Center | Address | Building SqFt | Gross SqFt | Power (MW) | Notes |
|---|---|---|---|---|---|
| SV3 | 2901 Coronado Drive | 50,000 | 25,000 | Built in 2010 | |
| SV4 | 2972 Stender Way | 100,000 | 50,000 | Built in 2011 | |
| SV5 | 2900 Stender Way | 100,000 | 50,000 | Built in 2013 | |
| SV6 | 3001 Coronado Drive | 136,580 | 65,000 | Data Center built for private client | |
| SV7 | 3020 Coronado Drive | 230,000 | 75,000 | Built in 2016 | |
| SV8 | 3045 Stender Way | 175,000 | 100,000 | 6 | 58,000 sqft under construction with expected Q3 2019 opening |
| Total | 791,580 | 365,000 |
Buildings
| Site | Operator | Status | Operational | Building Size | Built |
|---|---|---|---|---|---|
| CoreSite SV4 | CoreSite |
Operational
|
░░░ Request Dataset MW | — | 2011 |
| CoreSite SV5 | CoreSite |
Operational
|
░░░ Request Dataset MW | 100,000 SqFt | 2013 |
| CoreSite SV6 | CoreSite |
Operational
|
░░░ Request Dataset MW | 136,580 SqFt | 2016 |
| CoreSite SV7 | CoreSite |
Operational
|
░░░░ Request Dataset MW | 230,000 SqFt | 2016 |
| CoreSite SV9 | CoreSite |
Operational
|
░░░░ Request Dataset MW | 228,000 SqFt | 2025 |
| CoreSite SV3 | CoreSite |
Operational
|
░░░ Request Dataset MW | — | — |
| CoreSite SV8 | CoreSite |
Operational
|
░░░░ Request Dataset MW | 162,000 SqFt | — |
CoreSite Realty is a data center REIT with a focus on network dense buildings. The company operates the Any2 Peering Exchange, which is the largest Internet Exchange in the Western US.
CoreSite Realty Corporation was founded in 2001 as CRG West, a portfolio company of The Carlyle Group. CRG West initially started with two data center buildings; One Wilshire in Los Angeles and 55 South Market in San Jose. The buildings were popular network interconnection and peering points. Although 55 S Market has declined as an interconnection point, One Wilshire continues to be a popular building for network interconnection.
In August, the company sold the One Wilshire Building to Hines REIT for $287 million. The large transaction gave CRG West additional capital to fund the company's growth into new markets.
In May, CRG West acquires buildings in Chicago (for $34 million) and Sommerville just outside of Boston. The Chicago building at 427 S LaSalle was originally designed and built by Western Union. Western Union buildings have traditionally been converted into Carrier Hotels because the telegraph infrastructure with their risers of conduits works well for the telecom industry. The facility is situated across from One Financial Plaza and adjacent to the Chicago Board of Trade.
CoreSite Boston at 70 Innerbelt Road, Somerville, MA is located less than two miles from downtown Boston and Cambridge. The large building has SunGard and Internap as significant tenants also offering colocation
CRG West acquired their Reston facility at 12100 Sunrise Valley.
CRG West rebranded as CoreSite.
In September, CoreSite became publicly traded on the New York Stock Exchange (NYSE: COR). The Carlyle Group still owned ~50% of the newly public company at the time of the IPO. The Carlyle Group has since reduced their ownership to less than 30%.
In April, CoreSite acquired Comfluent and their two Denver data centers. The data centers were small, but pivotal to the Denver Interconnection and Peering Market. DE1 is located in 910 15th Street, Denver's Telecom Hotel, the Denver Gas & Electric Building (DGEB.) Comfluent was the defacto meet me room for the building. DE2 was 639 E 18th Ave, which was adjacent to Level 3's Denver Gateway site.
CoreSite was headquarted in Denver, but until 2012 did not have any data centers in Colorado.
SV5 was built and leased to a single tenant
Tom Ray, CoreSite's CEO since inception retired. Paul Szurek became CoreSites new CEO.
In August, Sunrise Technology Park (STP) was acquired for $60 million with a plan to significantly expand the campus.
12100 Sunrise Valley was first acquired in 2008 and CoreSite has since turned the Reston site into a campus. The company constructed a building (VA2) in the parking lot. In 2018, Coresite acquired a 22-acre lot a few blocks away at 12379 Sunrise Valley Drive. The lot will serve to virtually expand the Reston Campus.
The development has four phases and involves building new 3-story data centers and demolishing the old buildings. CoreSite has begun work on VA3 on the new lot.
May 24, 2023 CoreSite SV9
CoreSite, a US-based data center company, has broadened in California with a new Silicon Valley data center and increasing the capacity of an existing facility in Denver, Colorado. California's Santa Clara will become the site of CoreSite's ninth data center. The new 240,000-square-foot SV9...
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