CoreSite

CoreSite Realty Corporation

Type| Public company

Traded as

| NYSE: COR
S&P 400 component
Industry| Real estate investment trust
Founded| 2001; 25 years ago (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)

Net income

|  $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.coresite.com
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]

## Contents

* 1 History
* 2 See also
* 3 References
* 4 External links

## 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. ↑ 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. ↑ 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=`` (help)
3. ↑ "CRG West Announces the Acquistion [sic] of Two New Properties" (Press release). Business Wire. May 1, 2007. `{{cite press release}}`: External link in ``|publisher=`` (help)
4. ↑ "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=`` (help)
5. ↑ "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=`` (help)
6. ↑ "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=`` (help)
7. ↑ "National Data Center Provider, CRG West, Unveils New Name" (Press release). Cision. June 22, 2009.
8. ↑ "CoreSite Realty Flat in Debut". The New York Times. September 24, 2010. https://dealbook.nytimes.com/2010/09/24/coresite-realty-flat-in-debut/.
9. ↑ "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=`` (help)
10. ↑ "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.
11. ↑ "CoreSite announces relationship with AMS-IX". Data Economy. August 3, 2012. https://data-economy.com/coresite-announces-relationship-with-ams-ix/.
12. ↑ "London Internet Exchange (LINX) Selects CoreSite Data Center for First North American Peering Exchange" (Press release). PR Newswire. October 7, 2013.
13. ↑ "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=`` (help)
14. ↑ 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.
15. ↑ "CoreSite Realty Corporation Announces Executive Leadership Transition" (Press release). Business Wire. July 28, 2016. `{{cite press release}}`: External link in ``|publisher=`` (help)
16. ↑ "CoreSite to Expand Northern Virginia Campus" (Press release). Business Wire. August 11, 2016. `{{cite press release}}`: External link in ``|publisher=`` (help)
17. ↑ 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.
18. ↑ "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=`` (help)
19. ↑ "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=`` (help)
20. ↑ "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:

* Google Finance
* Yahoo! Finance
* Bloomberg
* Reuters
* SEC filings

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