Company:CoreSite
 | |
| Type | Public company |
|---|---|
| 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 December 31, 2019, the company owned 23 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.[2]
In August 2005, the company opened a facility in Washington, D.C.[2]
In May 2007, the company acquired properties in Boston and Chicago.[3] 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.[4]
In November 2007, the company announced the expansion of services at its Miami facility.[5]
In January 2008, the company acquired a data center in Reston, Virginia.[6]
In June 2009, the company changed its name to CoreSite.[7][1]
In September 2010, the company became a public company via an initial public offering.[8]
In April 2012, the company acquired Comfluent and entered the Denver market.[9][10]
In August 2012, Coresite became the first AMS-IX enabled data center operator in North America.[11]
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.[12]
In May 2016, The Carlyle Group reduced its effective interest in the company to 28.9%.[13]
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.[14][15]
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.[16][17]
In February 2017, the company announced the expansion of services at its Washington, D.C. facility.[18]
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.[19]
In October 2019, CoreSite was named a Winning "W" Company by 2020 Women of Boards for achieving at least 20% women on its corporate board before the year 2020.[20]
See also
- List of Internet exchange points
References
- ↑ 1.0 1.1 1.2 1.3 1.4 "CoreSite Realty Corporation 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission. https://www.sec.gov/ix?doc=/Archives/edgar/data/1490892/000155837020000595/cor-20191231x10k0cf293.htm.
- ↑ 2.0 2.1 "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.
{{cite press release}}: External link in|publisher= - ↑ "CRG West Announces the Acquistion [sic] of Two New Properties" (Press release). Business Wire. May 1, 2007.
{{cite press release}}: External link in|publisher= - ↑ "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.
{{cite press release}}: External link in|publisher= - ↑ "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.
{{cite press release}}: External link in|publisher= - ↑ "CRG West Announces the Acquisition of Data Center in Reston, Virginia" (Press release). Business Wire. January 3, 2008.
{{cite press release}}: External link in|publisher= - ↑ "National Data Center Provider, CRG West, Unveils New Name" (Press release). Cision. June 22, 2009.
- ↑ "CoreSite Realty Flat in Debut". The New York Times. September 24, 2010. https://dealbook.nytimes.com/2010/09/24/coresite-realty-flat-in-debut/.
- ↑ "CoreSite Enters Denver Market with Acquisition of Established Network-Centric Colocation Provider" (Press release). Business Wire. April 20, 2012.
{{cite press release}}: External link in|publisher= - ↑ "CoreSite Realty buys Comfluent". American City Business Journals. April 20, 2012. https://www.bizjournals.com/denver/news/2012/04/20/coresite-realty-buys-comfluent.html.
- ↑ "CoreSite announces relationship with AMS-IX". Data Economy. August 3, 2012. https://data-economy.com/coresite-announces-relationship-with-ams-ix/.
- ↑ "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.
{{cite press release}}: External link in|publisher= - ↑ Miller, Ben (July 28, 2016). "CoreSite CEO retires, replaced by board director". American City Business Journals. https://www.bizjournals.com/denver/news/2016/07/28/coresite-ceo-retires-replaced-by-board-director.html.
- ↑ "CoreSite Realty Corporation Announces Executive Leadership Transition" (Press release). Business Wire. July 28, 2016.
{{cite press release}}: External link in|publisher= - ↑ "CoreSite to Expand Northern Virginia Campus" (Press release). Business Wire. August 11, 2016.
{{cite press release}}: External link in|publisher= - ↑ Neibauer, Michael (August 12, 2016). "CoreSite plans big data center expansion in Reston with $60M land buy". American City Business Journals. https://www.bizjournals.com/washington/morning_call/2016/08/coresite-plans-big-data-center-expansion-in-reston.html.
- ↑ "CoreSite Expands in Washington D.C. Market with New DC2 Data Center" (Press release). Business Wire. February 23, 2017.
{{cite press release}}: External link in|publisher= - ↑ "Voxility Expands with CoreSite in Los Angeles and Northern Virginia to Support Strong Customer Demand" (Press release). Business Wire. May 4, 2017.
{{cite press release}}: External link in|publisher= - ↑ "CoreSite Honored by 2020 Women on Boards". https://www.bloomberg.com/press-releases/2019-10-09/coresite-honored-by-2020-women-on-boards.
External links
- Business data for CoreSite Realty Corporation:
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