CoreSite to build new data center in Secaucus, NJ

Lightwave Staff

CoreSite Realty Corp. (NYSE: COR), a provider of data center campuses and the CoreSite Mesh, which enables interconnected communities of service providers and enterprises, says it plans to develop of a new data center campus in Secaucus, NJ.

CoreSite is under contract to acquire a 280,000 square-foot building, which will be referred to as NY2, on 10 acres of land in Secaucus, New Jersey. In addition to NY2, the land site will support additional data center development as market demand warrants.

CoreSite anticipates closing on the acquisition in early February and beginning construction to convert the existing building to data center specifications in Q1 2013. Capacity should become available in Q4 2013. CoreSite expects to invest $65 million to acquire the facility, redevelop the powered shell, and complete the initial phase of inventory consisting of 65,000 square feet.

"CoreSite's entry into Secaucus is an important step in the execution of our strategy to extend our US platform supporting latency-sensitive customer applications in network-dense, cloud-enabled data center campuses," said Tom Ray, president and chief executive officer, CoreSite. "Our New York campus is designed to meet performance-sensitive customer requirements supported by our location at the nexus of robust, protected, low-latency network rings serving Manhattan as well as global cable routes to Chicago, Frankfurt, London, and Brazil. Additionally, customers are able to connect directly to service nodes for Amazon Web Services Direct Connect."

Three network service providers have pre-committed to serve NY2: Sidera Networks, Zayo, and Seaborn Networks, each of which provides high-performance network support to the financial services, cloud, and network communities.

"The new CoreSite data center in New Jersey fits perfectly with Sidera's growth strategy," said Clint Heiden, president, Sidera Networks (which is in the process of merging with Lightower Networks). "This expansion gives CoreSite customers immediate access to over 40 financial exchanges and the Sidera Xtreme Ultra-Low Latency Network."

"We are pleased to bring Zayo's Bandwidth Infrastructure services, including dark fiber, wavelengths, Ethernet, and IP services, into CoreSite's new NY2 facility," said Glenn Russo, EVP of corporate strategy and development, Zayo. "The Zayo and CoreSite relationship continues to expand connectivity for current and future customers of both companies."

"NY2 is an integral part of Seaborn Networks' plan for CoreSite to serve as turnkey backhaul provider for the US landing of Seabras-1, our U.S.-Brazil submarine cable with a planned ready for service date of Q1, 2015," said Larry Schwartz, CEO, Seaborn Networks.

CoreSite intends to ensure the availability of high-capacity lit services as well as a robust dark-fiber links between NY2 and CoreSite's NY1 location at 32 Avenue of the Americas in Manhattan. The company says the seamless connection between NY1 and NY2 will provide distributed direct-connect access to the CoreSite Mesh, creating one of the most comprehensive cloud communities in the greater New York area and immediately bringing together over 75 leading network service providers as well as public, private, and hybrid cloud providers.

Digital content providers will also benefit from CoreSite's reliable infrastructure and scalable campus that can support continued growth in media consumption. Furthermore, the network providers in the new NY2 location will enable low latency connectivity within and among the fastest routes available to the financial services community.

The new Secaucus data center will be the sixteenth data center in CoreSite's national platform, which spans nine US markets and includes more than 275 carriers and service providers and more than 15,000 interconnections.

For more information on high-speed transmission systems and suppliers, visit the Lightwave Buyer’s Guide.

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