CoreSite
 | |
| Type | Public |
|---|---|
| NYSE: COR S&P 400 component | |
| 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 |  $572 million (2019) |
 $99 million (2019) | |
| Total assets | $2.100 billion (2019) |
| Total equity | $213 million (2019) |
| Owner | The Carlyle Group (22.4%) |
Number of employees | 464 (2019) |
| Website | www |
| 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 November 10, 2021, the company owned 24 operating data center facilities in 8 markets comprising over 4.6 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.[1] The company has over 1,350 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.
In August 2005, the company opened a facility in Washington, D.C.
In May 2007, the company acquired properties in Boston and Chicago. 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 June 2009, the company changed its name to CoreSite.[1]
In September 2010, the company became a public company via an initial public offering.[2]
In April 2012, the company acquired Comfluent and entered the Denver market.[3]
In August 2012, Coresite became the first AMS-IX enabled data center operator in North America.[4]
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.[5]
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.[6]
In November 2021, American Tower acquired the company for US$10.1 billion.[7]
See also
References
- "CoreSite Realty Corporation 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- "CoreSite Realty Flat in Debut". The New York Times. September 24, 2010.
- "CoreSite Realty buys Comfluent". American City Business Journals. April 20, 2012.
- "CoreSite announces relationship with AMS-IX". Data Economy. August 3, 2012.
- Miller, Ben (July 28, 2016). "CoreSite CEO retires, replaced by board director". American City Business Journals.
- Neibauer, Michael (August 12, 2016). "CoreSite plans big data center expansion in Reston with $60M land buy". American City Business Journals.
- Escobar, Sabrina. "American Tower to Acquire Data Center Manager CoreSite in $10.1 Billion Deal". Barron's.
External links
- Business data for CoreSite Realty Corporation: