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 History

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.

2007: Sold the Company's Jewel to Fuel Expansion

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

2008: Added Reston

CRG West acquired their Reston facility at 12100 Sunrise Valley.

2009: Rebranded

CRG West rebranded as CoreSite.

2010: IPO added More Capital to Expand

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%.

2012 Added Denver

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.

2013

SV5 was built and leased to a single tenant

2014: New Buildings

  • VA2 launched with an initial build of 50,000 of 198,000 sqft
  • NY2 launched with an initial build of 65,000 of 283,000 sqft

2016: Change at the Top

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.

Reston Campus Expansions

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.

CoreSite Data Center Map

CoreSite Power Growth Over Time

+57% since 2022
Operational
Construction
Planned
Prospective
Land Bank
In Doubt
Currently Operational
across NN Request Dataset sites
Under Construction
NN Request Dataset sites currently building
Planned / Prospective
NN Request Dataset sites announced, but haven't started construction

CoreSite Locations

CoreSite Miami MI1

Miami

CoreSite’s MI1 data center in Miami provides connectivity from the U.S. to South America, as well as existing and scalable connectivity to NAP of the Americas. Built to withstand a Category 5 hurricane.

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CoreSite: LA2

Los Angeles

CoreSite's LA2 facility at 900 N Alameda is an elegant building that was built in 1940 as a Postal Annex. It was the central mail processing facility for Los Angeles until 1989. The site is now owned by CoreSite and is being incrementally converted to data center space.

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CoreSite MI2

Miami

CoreSite's second Miami data center, a 103,000 sq ft, 4.3 MW Cat-5-hardened facility in Doral. Originally Baptist Health's enterprise data center, acquired by CoreSite in September 2022 and connected via lit fiber to MI1 to form a ~150,000 sq ft Miami campus.

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CoreSite: AT1 Atlanta (55 Marietta)

Atlanta

CoreSite operates its AT1 colocation facility on four floors of the 55 Marietta Street carrier hotel in downtown Atlanta. American Tower bought the Colo Atl business in 2019 and moved the facility to CoreSite after acquiring CoreSite in 2021.

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CoreSite: NY3

New Jersey

CoreSite’s strategic New York campus expansion, right next door to NY2, includes a new facility, NY3. This purpose-built data center offer more than 138,000 sq ft (12,820 sqm) of space .

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CoreSite Chicago CH2

Chicago: Downtown

In February 2018, CoreSite acquired a two-acre land parcel in downtown Chicago, Illinois, on which CoreSite built CH2, a greenfield development of a 175,000-square-foot, turn-key, four-story data center supporting 18 critical megawatts of power capacity. The building was completed in June 2020.

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CoreSite LA5 (Vernon)

Los Angeles

CoreSite is building LA5, a colocation data center in Vernon, California, roughly five miles from downtown Los Angeles. Vernon's lower power costs position LA5 as CoreSite's Los Angeles growth facility for tenants that outgrow its downtown buildings. The site is under construction and preleasing.

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CoreSite Somerville BO1

Boston

CoreSite’s Boston data center (BO1) borders Cambridge and Boston’s central business district, serving the many healthcare, financial, technological and educational enterprises located in the area.

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CoreSite Data Center Photos See all

427 S LaSalle: 1st Floor Layout
Source: Baxtel
427 S LaSalle: 5th Floor Layout
Source: CoreSite
427 S LaSalle: 6th Floor Layout
Source: CoreSite
Western Union Building with Chicago Board of Trade in the Background
Source: Baxtel
CH1 Entrance to "The Telegraph Building"
Source: CoreSite
Outside of CoreSite's MI1 in Miami
Source: CoreSite
Security Desk at CoreSite MI1
Source: CoreSite
Customer Colocation Floor Space at CoreSite's MI1 Site
Source: CoreSite
CoreSite's Market Post Tower (SV1)
Source: Baxtel
55 S. Market is an iconic 1980’s era building in the historic core of downtown San Jose.
Recently Remodeled Lobby of 55 S Market
Source: DCM

55 S. Market is an iconic 1980’s era building in the historic core of downtown San Jose.

CoreSite VA3 Under Construction
Source: CoreSite
Exterior View
Source: CoreSite
CoreSite Office Area on 1st Floor
Source: COR
900 North Alameda
Source: Baxtel
Entrance
Source: COR
Cabinet Colocation Area
Source: COR
Large Concrete Columns Throughout Building
Source: Baxtel
For the price of a cross-connect one can order an "extended cross connect" between CoreSite's LA data centers. This allows a customer to deploy in the more robust data center (LA2) while taking adv...
CoreSite Operated Fiber Paths between LA1 and LA2/LA3
Source: Baxtel

For the price of a cross-connect one can order an "extended cross connect" between CoreSite's LA data centers. This allows a customer to deploy in the more robust data center (LA2) while taking advantage of LA1's network density.

Outside of 1275 K Street - DC's Carrier Hotel
Source: Baxtel
Entrance to CoreSite's DC1
Source: CoreSite
CoreSite NY2 at 2 Emerson Lane
Source: CoreSite
NY2 Cooling Infrastructure
Source: CoreSite
Site Plan for LA3
Source: ADSP
Rendering of LA3 next to LA2
Source: Baxtel
SV7 Chiller Plant
Source: Baxtel
The double-stacked Caterpillar generators tower above the equipment yard. The 2.5 megawatt units are raised 8 feet above the yard to ensure clearance far above the 500-year flood stage. They are fe...
NY2 Double-Stacked Generators
Source: CoreSite

The double-stacked Caterpillar generators tower above the equipment yard. The 2.5 megawatt units are raised 8 feet above the yard to ensure clearance far above the 500-year flood stage. They are fed by an 8,500 gallon underground fuel storage tank

The cooling plant features evaporative condensing units and can useair- and water-side economization with variable speed CRAHs. CoreSite is able to use economization for about two-thirds of the yea...
Modular Chiller Plant Generators
Source: CoreSite

The cooling plant features evaporative condensing units and can useair- and water-side economization with variable speed CRAHs. CoreSite is able to use economization for about two-thirds of the year at NY2.

COR CH2 Under Construction in Feb 2020
Source: Baxtel
CoreSite SV8
Source: SV8
Outside of SV8
Source: CoreSite
Under Construction in 2019
Source: Baxtel
An artist rendering of CH2
Source: CoreSite
Inside a computer room at CH2
Source: Baxtel
MI2
Source: Baxtel
Construction underway at CoreSite's DE3 Campus in Denver
Source: Naked Denver
CoreSite's SV9 Data Center in Santa Clara
Source: CoreSite

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