-- Expansion at VA3 Provides Benefits to CoreSite’s Customer Community --
A Rich Ecosystem of Natively Deployed Networks, Cloud on-ramps and Solution Partners
Ability to Deliver Scale, Operational Flexibility / Performance for Customers’ Digital Transformation Journey
Access to Rich Set of Local Enterprises, Systems Integrators, Universities and Governmental Agencies
DENVER--(BUSINESS WIRE)--Oct. 14, 2019-- CoreSite Realty Corporation (NYSE:COR), a premier provider of secure, reliable, high-performance data center and interconnection solutions in major U.S. metropolitan areas, recently celebrated the Grand Opening of its newest colocation facility VA3 in Reston, Virginia.
Continued Growth at CoreSite’s Reston Campus
The CoreSite Reston campus and the continued growth and expansion with VA3 provides the CoreSite customer community with the immediate benefits of a rich ecosystem of natively deployed networks, cloud on-ramps, and solution partners. As of June 30, 2019, CoreSite’s Northern Virginia market was comprised of over 280 customers, which includes approximately 40 cloud providers, 170 enterprises, and 70 network providers. Additionally, the Fairfax County location allows CoreSite to serve the native base of enterprises, systems integrators, universities, and governmental agencies with the lowest latency to the largest public clouds.
“The CoreSite Reston campus provides customers cloud connectivity and delivers the highest security and performance, low latency, with the lowest cost of cloud service utilization,” said Juan Font, CoreSite’s Senior Vice President, General Management.
“With over 100MW of expected capacity for the Reston Campus Expansion, and the multi-cloud capabilities of the CoreSite platform, we are in a position to deliver the maximum degree of scale, operational flexibility and performance throughout the entire lifecycle of customers’ digital transformation journey,” said Font.
Supporters and Speakers
“Thank you to Hunter Mill District Supervisor Hudgins and her team for her unwavering support of CoreSite over the years,” said Font. “We are also very thankful for the resourcefulness and commitment of the Fairfax Land Development Services team, as well as the Economic Development Authority.”
“Additionally, our thanks to Bobbie Kilberg, President and CEO of the Northern Virginia Technology Council for joining and providing her perspective with the opening remarks and participating in the ribbon-cutting ceremony.”
Grand Opening Sponsors
CoreSite also sends special thanks to its sponsors for their participation and support of the VA3 grand opening, as well as the contribution to the Northern Virginia Community College Loudon County Campus Data Center Operations Technology Scholarship Fund. CoreSite was pleased to present a donation to provide tuition assistance to 15 students participating in this program.
CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,350 of the world’s leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads. Our scalable, flexible solutions and 450+ dedicated employees consistently deliver unmatched data center options — all of which leads to a best-in-class customer experience and lasting relationships. 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 the Company’s data centers in certain markets and any adverse developments in local economic conditions or the amount of supply of or 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, including indirect competition from cloud service providers; failure to obtain necessary outside financing; the ability to service existing debt; the 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 the Company’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the Company 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 the Company’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in its most recent annual report on Form 10-K, and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission.