CoreSite Realty Corporation (NYSE: COR) has executed a lease providing for expansion in its Washington D.C. campus, where CoreSite will increase its turn-key data center capacity with the addition of DC2, the company said.
The 10-year lease – with renewal rights of three, 5-year extensions at specified rental rates – is for 25,000 square feet of shell capacity.
CoreSite expects to commence construction during the second quarter of 2017, and deliver the 25,000 square feet, with a likely critical capacity of approximately 2 MW, during the fourth quarter of 2017, at an estimated cost of approximately USD 20m.
CoreSite Realty Corporation delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets.
More than 1,000 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.