CoreSite Somerville BO1 News

Photonic computing company Lightmatter has now been crowned a Unicorn, raising $155 million at a $1.2 billion valuation. This funding is part of the series C investment round, which helped the company raise $154 million in May, successfully tripling the company’s value at the time. Overall, Li...

American Tower subsidiary CoreSite revealed its plans to expand its data center footprints in New Jersey and Colorado. The company revealed that it is already making plans for a data center in New Jersey which will be located adjacent to its NY2 facility at 2 Emerson Lane in Secaucus. It has a...

Investment company Stonepeak has increased its investment in CoreSite by $570m. The data center company was acquired in 2021 by American Tower Corporation for $10 billion. After the acquisition, Stonepeak invested $2.5 billion in the data center company in the summer. Stonepeak’s new investmen...

CoreSite has announced the acquisition of a data center in Miami, Florida. The data center acquired is a purpose-built 9,550 square meter (103,000 square feet) facility located at 2100 NW 84th Avenue. The company didn’t reveal the terms of the transaction. CoreSite is naming the new data ce...

Stonepeak has revealed that it is acquiring a 29 percent stake in American Tower’s Coresite data center business. The investment firm will pay $2.5 billion for the stake in the business. The deal is expected to close in Q3 2022, subject to customary closing conditions. According to an annou...

CoreSite has integrated three data centers from American Tower into its data center portfolio. The data centers are located in Florida and Georgia. The three data centers are Orlando OR1, located at 9701 S. John Young Parkway, Orlando, Atlanta AT1, located at 55 Marietta Street NW, Atlanta)...

CoreSite has announced that it has gotten approval from Santa Clara’s Planning Commission for the development of a 200,000 square foot (18,500 square meters) 34MW data center in Silicon Valley. The facility is located at 2905 Stender Way. Coresite only got the approval after going through d...

CoreSite has announced that its VA3 data on its Northern Virginia campus is powered by 100% renewable energy. This move to green has been achieved through Dominion Energy’s 100% Renewable Energy Program, which has a portfolio of locally-sourced solar, hydroelectric, and biomass energy. Com...

According to Reuters, CoreSite is looking at the possibility of a sale. The real estate trust is working with an investment bank to see its options. CoreSite currently operates over 25 data centers across North America. It also has a market of over $8 billion. According to reports, CoreSite ha...

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.