CoreSite Gets Illinois Data Center Tax Incentive Opportunity

CoreSite Realty Corporation (NYSE:COR), a premier provider of secure, reliable, high-performance data center and interconnection solutions in major US metropolitan areas, has announced that its application with the Illinois Data Centers Investment Program has been accepted by the Illinois Department of Commerce and Economic Opportunity and the company is pursuing a final incentive agreement related to its new ground-up data center development in downtown Chicago, the company said.

In June 2019, the State of Illinois established a new Data Center Investment Act, led by Governor J.B. Pritzker, legislators and business leaders and organizations.

CoreSite is building its new data center facility, known as “CH2”, in the heart of downtown Chicago. The company´s CH2 data center is a purpose-built, ground-up development expected to be a 169,000 square foot facility at full completion. CH2 Phase 1, a 56,000 square foot project, is targeted for completion in the second quarter of 2020.

CH2 is part of a connected campus, leveraging CoreSite´s existing CH1 data center, one of the top interconnected buildings in Chicago.

CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,350 of the world´s enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads. For more information, visit www.CoreSite.com.