CoreSite Extends Data Center Lease Agreement In Denver
Customers continue to benefit from key interconnection hub located in Rocky Mountain Region
DENVER, Aug. 19, 2013 /PRNewswire/ -- CoreSite Realty Corporation (NYSE: COR), a premier provider of network-dense, cloud-enabled data center solutions and the CoreSite Mesh, today announced that it has extended the term of its lease and expanded its capacity at DE1 (910 15th Street, Denver, Colorado). CoreSite's DE1 facility is among the most interconnected facilities in the Rocky Mountain region and a growing component of the CoreSite Mesh. Supporting the Mesh in Denver, CoreSite operates Any2 Denver, the largest peering exchange in the region's strategic and growing interconnection market, providing direct access to over 25 networks.
In addition to providing CoreSite with contractual rights to control its lease term into 2024, CoreSite secured the ability to further scale customer requirements with additional power capacity. From its Denver campus, comprised of DE1 and DE2 (639 East 18th Avenue), CoreSite provides its customers with a strong combination of capacity, connectivity, community and customer service. The new agreement ensures that Denver-based customers will have the opportunity to continue to benefit from and scale with the CoreSite customer experience.
"We are pleased to execute the agreements supporting additional growth in the Denver market," said Tom Ray, CEO at CoreSite. "We look forward to further enabling our customers in the region to propel revenue growth through expanded capacity, connectivity and extensive communities of networks, cloud service providers, content organizations and enterprises."
CoreSite Realty Corporation (NYSE: COR) is the data center provider chosen by more than 750 of the world's leading carriers and mobile operators, content and cloud providers, media and entertainment companies, and global enterprises to run their performance-sensitive applications and to connect and do business. CoreSite propels customer growth and long-term competitive advantage through the CoreSite Mesh by connecting the Internet, private networking, mobility, and cloud communities within and across its 14 high-performance data center campuses in eight markets in North America. With direct access to 275+ carriers and ISPs, over 180 leading cloud and IT service providers, intersite connectivity, and the nation's first Open Cloud Exchange that provides access to thousands of lit buildings and multiple key cloud on-ramps, CoreSite provides easy, efficient and valuable gateways to global business opportunities. 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 Exchange Commission.
SOURCE CoreSite Realty Corporation
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