Phase Two of VA2 Underway
CoreSite Realty Corporation (COR), a premier provider of secure, reliable, high-performance data center solutions across the US, announced today the opening of “VA2”, the second building on itsReston campus, with 100% of the first phase of turn-key capacity leased.
VA2 comprises 198,000 square feet, of which the 50,000-square-foot Phase 1 turn-key data center capacity was leased in Q4 2014 to a single anchor tenant. In light of the accelerated lease-up of Phase 1, CoreSite is now under construction of Phase 2 of the VA2 build-out, totaling an additional approximate 50,000 NRSF, with completion anticipated in Q2 2015.
CoreSite’s design of VA2 reflects the company’s focus upon bringing enterprises, networks and cloud service providers together into a high-performance environment, creating added value for all constituents.
CoreSite’s Reston campus provides:
- Access to nearly 60 network, cloud and IT service providers
- Interconnection with AWS Direct Connect
- Access to the CoreSite Open Cloud Exchange, CoreSite’s Any2® Exchange for Internet peering, the LINX Peering Exchange, and CoreSite’s Blended IP service
- 24x7x365 remote hands services available from CoreSite’s certified, skilled technicians
- Security features including 24x7x365 in-house on-site security officers, key card access, biometric scanners and double mantrap entry
- A 100% uptime SLA guarantee and portfolio record of six 9s (99.9999%) uptime in each of the past four calendar years
- Flexible solutions including cabinets, cages, and custom-configured private suites
- Compliance support for industry-specific customer requirements such as HIPAA
“We are pleased to open the first phase of VA2 fully leased to an anchor customer, consistent with our strategy for the facility,” said Tom Ray, CEO of CoreSite. “Further, we believe that the nearly 60 network, cloud and IT service providers already deployed at our Reston campus combine with our market-leading network ecosystem at DC1 and the scalability offered at VA2 to enable CoreSite to offer one of the most comprehensive solutions in the region for performance-sensitive customer requirements.”
CoreSite Realty Corporation (COR) delivers secure, reliable, high-performance data center solutions across eight key North American markets. More than 800 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 350+ 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.
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.
Courtney Gaudet, 303-222-7274