CoreSite
 | |
| Company type | Public |
|---|---|
| Industry | Real estate investment trust |
| Founded | 2001 (as CRG West) |
| Headquarters | Denver, Colorado, U.S. |
Key people | Robert G. Stuckey, Chairman Paul E. Szurek, President & CEO Jeffrey S. Finnin, CFO |
| Products | Data Centers |
| Revenue |  $0.481 billion (2017) |
| $0.100 billion (2017) | |
| Total assets | $1.532 billion (2017) |
| Total equity |  $0.418 billion (2017) |
| Owner | The Carlyle Group (28.9%) |
Number of employees | 465 (2017) |
| Website | coresite |
| Footnotes / references [1] | |
CoreSite Realty Corporation is a real estate investment trust that invests in carrier-neutral data centers and provides colocation and peering services. As of December 31, 2016, the company owned 20 operating data center facilities in 8 markets comprising over 3.5 million net rentable square feet. The properties are in Boston, Chicago, Denver, Los Angeles, Miami, New York City, Northern Virginia, San Francisco/San Jose, California, Santa Clara, California, and the Washington, D.C. areas.[2] The company has over 1,000 customers including enterprises, network operators, cloud providers, and supporting service providers.[1]
History
The company was founded in 2001 as CRG West at two of the West coast's original carrier hotels: Market Post Tower and One Wilshire.[3]
In August 2005, the company opened a facility in Washington, D.C.[3]
In May 2007, the company acquired properties in Boston and Chicago.[4] It also purchased a tract of land in Santa Clara, with the intent of developing a 50-megawatt data center Coronado campus there.[1]
In September 2007, the company announced the expansion of services at its Los Angeles facility.[5]
In November 2007, the company announced the expansion of services at its Miami facility.[6]
In January 2008, the company acquired a data center in Reston, Virginia.[7]
In June 2009, the company changed its name to CoreSite.[8][1]
In September 2010, the company became a public company via an initial public offering.[9]
In April 2012, the company acquired Comfluent and entered the Denver market.[10][11]
In August 2012, Coresite became the first AMS-IX enabled data center operator in North America.[12]
In October 2013, the London Internet Exchange (LINX) chose CoreSite's Northern Virginia data center campus as one of the locations for its first North American peering exchange, LINX NoVA.[13]
In May 2016, The Carlyle Group reduced its effective interest in the company to 28.9%.[14]
In July 2016, Tom Ray, the chief executive officer of the company, retired with Paul Szurek, lead independent director, to succeed Tom Ray as president and CEO.[15][16]
In August 2016, the company announced the expansion of services at its Reston, Virginia facility in conjunction with the $60 million acquisition of the 22-acre Sunrise Technology Park from Brookfield Office Properties.[17][18][19]
In February 2017, the company announced the expansion of services at its Washington, D.C. facility.[20]
On May 4, 2017, the company received a contract from Voxility for a large colocation deployment in Coresite’s Los Angeles and Northern Virginia data centers campuses.[21]
See also
References
- ^ a b c d "CoreSite Realty Corporation 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "CoreSite Data Center List and Map". Baxtel.
{{cite web}}: Cite has empty unknown parameter:|dead-url=(help) - ^ a b "CRG West Opens Washington D.C.'s First Neutral Telecom Carrier Meet Me Room; 1275 K Street NW Facility Offers Unmatched Colocation and Free Interconnections for Tenant Carriers and Network Service Providers" (Press release). Business Wire. August 24, 2005.
- ^ "CRG West Announces the Acquistion [sic] of Two New Properties" (Press release). Business Wire. May 1, 2007.
- ^ "CRG West Expands Space and Its Colocation, Interconnection and Peering Services in Los Angeles at One Wilshire and Wilshire Annex" (Press release). Business Wire. September 20, 2007.
- ^ "CRG West Announces the Expansion of the Miami Exchange, New Customer Deployment and the Addition of FiberLight's Fiber Network to the Facility" (Press release). Business Wire. November 29, 2007.
- ^ "CRG West Announces the Acquisition of Data Center in Reston, Virginia" (Press release). Business Wire. January 3, 2008.
- ^ "National Data Center Provider, CRG West, Unveils New Name" (Press release). Vocus. June 22, 2009.
- ^ "CoreSite Realty Flat in Debut". The New York Times. September 24, 2010.
- ^ "CoreSite Enters Denver Market with Acquisition of Established Network-Centric Colocation Provider" (Press release). Business Wire. April 20, 2012.
- ^ "CoreSite Realty buys Comfluent". American City Business Journals. April 20, 2012.
- ^ "CoreSite announces relationship with AMS-IX". Data Economy. August 3, 2012.
- ^ "London Internet Exchange (LINX) Selects CoreSite Data Center for First North American Peering Exchange" (Press release). PR Newswire. October 7, 2013.
- ^ "CoreSite Realty Corporation Announces Sale of Common Stock by The Carlyle Group" (Press release). Business Wire. May 9, 2016.
- ^ Miller, Ben (July 28, 2016). "CoreSite CEO retires, replaced by board director". American City Business Journals.
- ^ "CoreSite Realty Corporation Announces Executive Leadership Transition" (Press release). Business Wire. July 28, 2016.
- ^ "CoreSite to Expand Northern Virginia Campus" (Press release). Business Wire. August 11, 2016.
- ^ Neibauer, Michael (August 12, 2016). "CoreSite plans big data center expansion in Reston with $60M land buy". American City Business Journals.
- ^ Jasinski, Gosia (August 15, 2016). "CoreSite Plans Expansion of Reston Campus". CoStar Group.
- ^ "CoreSite Expands in Washington D.C. Market with New DC2 Data Center" (Press release). Business Wire. February 23, 2017.
- ^ "Voxility Expands with CoreSite in Los Angeles and Northern Virginia to Support Strong Customer Demand" (Press release). Business Wire. May 4, 2017.
External links
- Business data for CoreSite Realty Corporation: