CoreSite has raised $150M in a debt offering, via a private placement to accredited investors. According to CoreSite, the 3.75 percent Senior Notes are due in 2027. The company said the proceeds of the financing will go to refinance existing debt and for general corporate purposes.
Metro: San Francisco Bay Area
Country: United States
Region: North America
Short Code: SV3; SV4; SV5; SV6; SV7; SV8
Utility Provider: Silicon Valley Power
Ownership: CoreSite owns the building.
CoreSite's Santa Clara Campus contains six datacenter buildings. (SV3, SV4, SV5, SV6, SV7 and SV8)
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|