CoreSite's new data center opens in Secaucus, New Jersey
Providing enterprises with secure and reliable performance for
mission-critical data and IT infrastructure
NEW YORK, Dec. 9, 2013
NEW YORK, Dec. 9, 2013 /PRNewswire/ --CoreSite Realty Corporation (NYSE:
COR), a provider of network-dense, cloud-enabled data center products and
services, today announces that its NY2 facility, located in Secaucus, NJ,
opened on December 2. NY2 is a 280,000 square-foot data center, which is
connected to CoreSite's NY1 facility located at a network dense point of
interconnection in Manhattan to create one of the most powerful,
network-dense, low-latency campuses on the East Coast. The New York campus
hosts a rich community of enterprises, financial services providers, ISPs,
cloud providers, and over 70 domestic and international carriers. For more
information on the facility's technical specifications, visit
NY2 is designed to create a scalable option for enterprises looking to expand
and reduce cost in the New York metro area while optimizing performance with
direct, low-latency access to the digital center of Manhattan. CoreSite
designed the facility to address the performance-sensitive and security
requirements of enterprises, with an abundant number of high-speed network
deployments that complement the existing network, cloud and enterprise density
at CoreSite's NY1 facility.
Key initial fiber networks
The first of many network and fiber providers committed to deploy in
CoreSite's NY2 facility include:
oCogent Communications, a multinational, Tier 1 ISP that specializes in
providing high speed Internet access and Ethernet transport over its 100%
fiber optic IP network.
oComcast Business, which is delivering an Ethernet Dedicated Internet line
to help organizations of all sizes meet their business objectives and
ensure reliable and scalable connectivity between CoreSite customers and
oCross River Fiber, a New Jersey-based dark fiber optic and
telecommunications solutions provider that designs, constructs, and
maintains its own independent and redundant network infrastructure for
oHudson Fiber Network (HFN), the premier data transport provider offering
flexible, high bandwidth, lowest latency solutions for financial, content,
carrier and enterprise clients.
oLightower, the premier, all-fiber provider of custom, high-capacity
network services that ensure optimal application and business performance.
oSeaborn Networks, an independent developer and operator of submarine fiber
optic cable systems.
oSunesys, a telecommunications company that provides dedicated dark fiber
and e-rate wide area networks to healthcare companies.
otw telecom, a leading national provider of managed network services,
including Business Ethernet, throughout the U.S. tw telecom is the
top-ranked competitive provider of Business Ethernet in the country
according to Vertical Systems Group.
oUnited Fiber and Data, whose network presents the next level of true,
physical diversity and unrivaled business continuity – strategically
designed to bypass to single points of failure between New York City and
oZayo Group, a global provider of Bandwidth Infrastructure services that
offers low latency bandwidth via fiber assets on direct and diverse routes
beneficial to financial customers.
"Our NY2 facility offers CoreSite customers a scalable, reliable and
cost-effective solution for performance-sensitive applications and computing
workloads in a low-latency environment with direct connection back to our NY1
facility and other key points of network distribution in Manhattan," said Tom
Ray, Chief Executive Officer at CoreSite. "Reflecting the value of NY2's
location, 10 networks signed leases at NY2 prior to opening, enabling seamless
operations with diverse network paths and potential latency below 0.3 ms, as
well as key public cloud providers at our NY1 facility. With an estimated
operating cost as low as 60% below that in Manhattan, and with CoreSite's
industry-leading customer service, we believe that NY2 brings to market a
compelling solution to a wide range of mission-critical, high-performance data
center requirements among enterprises, systems integrators and managed service
providers, and Internet, cloud, content service providers."
CoreSite Realty Corporation (NYSE: COR) delivers secure, reliable,
high-availability data center products and services across eight key North
American markets. CoreSite connects, protects and ensures the optimal
performance and continued operation of mission-critical data and IT
infrastructure for enterprises and Internet, private networking, mobility, and
cloud service providers. CoreSite's scalable platform of over 2.5 million
square feet of efficient, network-dense, cloud-enabled data center capacity
empowers customers to accelerate business performance, reduce operating costs
and increase flexibility across their IT and communications systems.
CoreSite's 350 professionals deliver best-in-class service by placing customer
needs first in supporting the planning, implementation and operating
requirements necessary to ensure reliable, secure and efficient IT
More than 750 of the world's leading enterprises, carriers and mobile
operators, content and cloud providers and media and entertainment companies
choose CoreSite to connect, protect and optimize their performance-sensitive
data, applications and computing workloads. CoreSite provides direct access to
more than 275 carriers and ISPs, inter-site connectivity and CoreSite's Open
Cloud Exchange, which supports rapid, efficient and scalable Ethernet access
to multiple key public clouds, enabling simple, flexible, multi-cloud
capabilities. For more information, visit www.CoreSite.com.
Forward Looking Statements
This press release may contain forward-looking statements within the meaning
of the federal securities laws. Forward-looking statements relate to
expectations, beliefs, projections, future plans and strategies, anticipated
events or trends and similar expressions concerning matters that are not
historical facts. In some cases, you can identify forward-looking statements
by the use of forward-looking terminology such as "believes," "expects,"
"may," "will," "should," "seeks," "approximately," "intends," "plans," "pro
forma," "estimates" or "anticipates" or the negative of these words and
phrases or similar words or phrases that are predictions of or indicate future
events or trends and that do not relate solely to historical matters.
Forward-looking statements involve known and unknown risks, uncertainties,
assumptions and contingencies, many of which are beyond CoreSite's control,
that may cause actual results to differ significantly from those expressed in
any forward-looking statement. These risks include, without limitation: the
geographic concentration of CoreSite's data centers in certain markets and any
adverse developments in local economic conditions or the demand for data
center space in these markets; fluctuations in interest rates and increased
operating costs; difficulties in identifying properties to acquire and
completing acquisitions; significant industry competition; CoreSite's failure
to obtain necessary outside financing; CoreSite's failure to qualify or
maintain its status as a REIT; financial market fluctuations; changes in real
estate and zoning laws and increases in real property tax rates; and other
factors affecting the real estate industry generally. All forward-looking
statements reflect CoreSite's good faith beliefs, assumptions and
expectations, but they are not guarantees of future performance. Furthermore,
CoreSite disclaims any obligation to publicly update or revise any
forward-looking statement to reflect changes in underlying assumptions or
factors, of new information, data or methods, future events or other changes.
For a further discussion of these and other factors that could cause
CoreSite's future results to differ materially from any forward-looking
statements, see the section entitled "Risk Factors" in CoreSite's most recent
annual report on Form 10-K, and other risks described in documents
subsequently filed by CoreSite from time to time with the Securities and
SOURCE CoreSite Realty Corporation
Contact: CoreSite, Greer Aviv, CoreSite Investor Relations Director, +1
303.405.1012, +1 303.222.7276, Greer.Aviv@CoreSite.com
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