Type | Subsidiary |
---|---|
Industry | Real estate investment trust |
Founded | 2001 | (as CRG West)
Headquarters | Denver, Colorado, U.S. |
Products | Data centers |
Revenue | US$572 million (2019) |
US$99 million (2019) | |
Total assets | US$2.10 billion (2019) |
Total equity | US$213 million (2019) |
Number of employees | 464 (2019) |
Parent | American Tower |
Website | coresite |
Footnotes /references [1] |
CoreSite, a subsidiary of American Tower, owns carrier-neutral data centers and provides colocation and peering services.
As of June 24, 2022 the company owned 27 operating data center facilities in 10 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, Atlanta, Georgia, Orlando, Florida 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]
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.
In August 2005, the company opened a facility in Washington, D.C.[ citation needed ]
In May 2007, the company acquired properties in Boston and Chicago. 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 June 2009, the company changed its name to CoreSite. [1]
In September 2010, the company became a public company via an initial public offering. [2]
In April 2012, the company acquired Comfluent and entered the Denver market. [3]
In August 2012, Coresite became the first AMS-IX enabled data center operator in North America. [4]
In July 2016, Tom Ray, the chief executive officer of the company, retired and was replaced by Paul Szurek, lead independent director. [5]
In August 2016, the company announced the $60 million acquisition of the 22-acre Sunrise Technology Park from Brookfield Office Properties. [6]
In December 2021, the company was acquired by American Tower. [7] [8]
Brookfield Properties is a North American subsidiary of commercial real estate company Brookfield Property Partners, which itself is a subsidiary of alternative asset management company Brookfield Asset Management. It is responsible for the property management of the company's real estate portfolio, which includes facilities in the office, multi-family residential, retail, hospitality, and logistics industries.
Equinix, Inc. is an American multinational company headquartered in Redwood City, California, that specializes in Internet connection and data centers. The company is a leader in global colocation data center market share, with 248 data centers in 27 countries on five continents.
Telecity Group plc, was a European carrier-neutral datacentre and colocation centre provider. It specialised in the design, build and management of datacentre space. It was listed on the London Stock Exchange until it was acquired by Equinix in January 2016.
Innovate Corp. is an American public financial services company founded in 1994.
Amadeus IT Group, S.A. is a major Spanish IT provider for the global travel and tourism industry.
SITE Centers Corp. is a publicly traded real estate investment trust that invests in shopping centers. Founded in 1965 by Bert Wolstein, the company is headquartered in Beachwood, Ohio. As of December 31, 2019 the company owned interests in 170 shopping centers in the United States containing 57.0 million square feet and managed 13.2 million square feet for Retail Value Inc. Notable properties wholly owned by the company include Shopper's World in Framingham, Massachusetts. Its major tenants include retailers such as TJX Companies, PetsMart, Dick's Sporting Goods, Ulta Beauty, Ross Stores, and Nordstrom.
AboveNet was a provider of high bandwidth telecommunication circuits primarily for large corporate enterprises and communications carriers in 17 markets in the United States and 4 markets in Europe. Its private optical network delivered key network and IP services and was used in financial and legal services, media, health care, retail, and government.
American Tower Corporation is an American real estate investment trust and an owner and operator of wireless and broadcast communications infrastructure in several countries worldwide and is headquartered in Boston, Massachusetts.
Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida and is one of the largest operators of shopping centers with grocery stores as anchor tenants. As of October 21, 2020, the company owned 415 properties comprising 56 million square feet of space. Notable properties owned by the company include Serramonte Center and a 30% interest in Village District.
Digital Realty Trust, Inc. 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 interests in 225 operating data center facilities totaling 34.5 million rentable square feet in the United States, Europe, Asia, Canada, and Australia. The company's largest operating areas are: Northern Virginia, Dallas, Chicago, New York State, Silicon Valley, and London.
Interxion is a European provider of carrier and cloud-neutral colocation data centre services. Founded in 1998 in the Netherlands, the firm was publicly listed on the New York Stock Exchange from 28 January 2011 until its acquisition by Digital Realty in March 2020. Interxion is headquartered in Schiphol-Rijk, the Netherlands, and delivers its services through 53 data centres in 11 European countries located in major metropolitan areas, including Dublin, London, Frankfurt, Paris, Amsterdam, and Madrid, the 6 main data centre markets in Europe, as well as Marseille, Interxion’s Internet Gateway.
Lightower Fiber Networks, founded in 2006, was a provider of telecommunications and IT services. It offered cloud computing, colocation hosting, and connectivity.
Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities. The company was formed through the merger of AMB Property Corporation and Prologis in June 2011, which made Prologis the largest industrial real estate company in the world. As of December 2022, the company owned 5,495 buildings comprising about 1.2 billion square feet in 19 countries across North America, Latin America, Europe, and Asia. According to The Economist, its business strategy is focused on warehouses that are located close to huge urban areas where land is scarce. It serves about 6,600 tenants. Prologis began to expand its non-real estate business, Essentials, in 2022, offering customers solar power, racking systems, forklifts, generators, and EV charging infrastructure. and other logistics tech equipment for purchase.
Zayo Group Holdings, Inc., or Zayo Group, is a privately held company headquartered in Boulder, Colorado, U.S. with European headquarters in London, England. The company provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure. Zayo's primary customer segments include wireless carriers, national carriers, ISPs, enterprises and government agencies. Zayo Group was built largely through acquisitions; it took over thirty companies from 2007 to 2014, including AboveNet and 360networks. An initial public offering of stock raised $600 million in 2014. In May 2019, Zayo Group agreed to be acquired by global investment firms EQT Partners and Digital Colony Partners in a deal valued at $14.3 billion.
CyrusOne owns and operates over 40 carrier-neutral data centers in North America, Europe, and South America, where it provides colocation and peering services. It is headquartered in Dallas, Texas and is owned by funds managed by Kohlberg Kravis Roberts and Global Infrastructure Partners.
QTS Realty Trust, Inc. is a provider of carrier-neutral data centers and provides colocation services within North America and Northern Amsterdam and is based in Overland Park, Kansas. The company's largest operating areas are: Northern Virginia, Dallas/Fort Worth, Chicago, Hillsboro, Oregon, and New Jersey.
Cologix, a network neutral interconnection and data center company, runs 40+ interconnection locations across 11 North American markets. The edge markets that Cologix operates in are: Columbus, Ohio; Dallas, Texas; Jacksonville, Florida; Lakeland, Florida; Minneapolis, Minnesota; Montreal, Quebec; Silicon Valley, California; Toronto, Ontario; Northern New Jersey; and Vancouver, British Columbia. The company supports five Internet exchanges.
DuPont Fabros Technology, Inc. (DFT) was a real estate investment trust that invested in carrier-neutral data centers and provided colocation and peering services. In 2017, the company was acquired by Digital Realty.
Washington Prime Group Inc. is an American real estate investment trust that invests in shopping centers. The company is organized in Indiana with its headquarters in Columbus, Ohio. From January 2015 to September 2016, the company had the name WP Glimcher. On June 13, 2021, Washington Prime filed for Chapter 11 bankruptcy.
Teraco Data Environments is a carrier-, cloud- and vendor-neutral data centre provider founded by Tim Parsonson and Lex van Wyk in 2008. On August 1, 2022, Digital Realty announced that it had completed the purchase of a majority stake in Teraco, previously controlled by Berkshire Partners, Permira and a group of investors.