Data center operator CoreSite Realty announced on Friday it has acquired a new data center campus in Secaucus, New Jersey which it plans to further expand.
CoreSite has signed a contract to acquire a 280,000 square-foot building which it will name NY2 which is situated on 10 acres of land in Secaucus, New Jersey.
The move comes just a couple of weeks after CoreSite Realty increased its credit line from $225 million to $355 million to fund future data center expansions and builds.
Once the data center is fully built, CoreSite expects NY2 will offer up to 18 critical MW of capacity.
CoreSite says it expects the acquisition to close in early February, and begin construction to convert the building to data center specifications in Q1 2013 for completion in Q4 2013.
The data center operator has budgeted a $65 million investment in total to purchase the facility, redevelop the powered shell, and complete the initial phase of inventory consisting of 65,000 square feet.
CoreSite says it will continue to invest in and scale the campus by building additional phases in the future to meet customer demand.
“CoreSite’s entry into Secaucus is an important step in the execution of our strategy to extend our U.S. platform supporting latency-sensitive customer applications in network-dense, cloud-enabled data center campuses,” said Tom Ray, president and CEO of 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.”
The availability of direct connections to high speed networks in NY2 is an attractive feature for financial companies seeking to lower latency and improve performance.
Three network service providers have already signed on to serve NY2, including CoreSite partners Sidera Networks, Zayo, and Seaborn Networks.
Each of these service providers provides high-performance network support to the financial services, cloud and network communities.
CoreSite says it will provide high-capacity and high-speed lit services as well as a robust dark-fiber tether between NY2 and its NY1 location at 32 Avenue of the Americas in Manhattan, to enable seamless interconnection across its New York campus.
In addition, this seamless connection between CoreSite’s two New York data center campuses will provide distributed direct-connect access to the CoreSite Mesh.
The comprehensive cloud community in the greater New York area offers access to 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 CoreSite’s 16th data center located in nine U.S. markets, including more than 275 carriers and service providers and more than 15,000 interconnections.
Talk Back: Are you currently a tenant at a CoreSite Realty data center? Do you think this new Secaucus is a strong acquisition? Let us know in the comments.