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.
27 Facilities Owned
10 Markets Served
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Once owned by the Western Union company, the building was formerly known as "The Telegraph Building."
VA1 and VA2 are on Sunrise Valley Drive in Reston. VA2 was built in the parking lot of the original VA1 data center.
As part of VA3 Phase 1B, CoreSite will build the shell of an 80,000 Gross sqft, 12 megawatt building, and a 77,000 NRSF centralized infrastructure building. which will serve the entire VA3 property.
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.
Freestanding Building on Approximately 7 Acres that is outside the 500 year flood plain
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.
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.
CoreSite's Santa Clara Campus contains 5 datacenter buildings. (SV3, SV4, SV5, SV6, SV7 and SV8)
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.
CoreSite completed construction on SV8 phases I and 2 in the second half of 2019
This is the legacy Comfluent Denver 2 site that is adjacent to the Level 3's Denver gateway site
CoreSite's Any2 IXP (Peering Exchange) is the largest public IXP in the Western United States. The Unity Trans-Pacific submarine cable, also lands in the building, which provides undersea connectivity to Asia.
Acquired from Comfluent, data center has the acted as the defacto building Meet-Me Room until 910Telecom set up its own MMR.
1275 K Street is Washington DC's Network Hotel
55 S Market is a legacy Carrier Hotel in San Jose
Name | Date Added | Description |
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0007-slk-prod-azure-20161219 | June 2019 |
CoreSite marketing slick describing how to make connections from CoreSite locations to Microsoft Azure's ExpressRoute service. |
idc-coresite-white-paper | September 2018 |
IDC Vendor Profile for Coresite |
credit_suisse-coresite_realty_equity_report-cor-2018 | January 2018 |
CS CoreSite Equity Research Report (2018) |
credit_suisse-coresite_realty_equity_report-cor-2017 | June 2017 |
CS CoreSite Equity Research Report (2017) |
uscolo_brochure_2011-web-ab468d87-9423-4f50-83f3-454da8541574 | June 2011 |
US Colo brochure (2011) |