SANTA CLARA, CA–To meet the growing demand for multi-tenant data center space, CoreSite Realty Corporation, a national provider of data center solutions, is developing SV7 on its campus. Currently in preconstruction and anticipated to break ground in the third quarter of this year, CoreSite expects to substantially complete Phase 1 of the building in the second quarter of next year.
The completion of SV7 will increase the size of CoreSite's Santa Clara campus to approximately 600,000 square feet. SV7 will comprise approximately 230,000 square feet, of which CoreSite has pre-leased approximately 35,000 square feet under a lease executed in the second quarter of this year.
CoreSite CEO Tom Ray tells GlobeSt.com: “Over the past five years, CoreSite's data center campus in Santa Clara has grown to be an important host of a broad set of technology providers solving for enterprise needs requiring a robust community of network and cloud solutions. Customer demand has continued to drive the need for data center capacity in Silicon Valley, underpinning our plans to build our seventh data center there. We believe that adding SV7 to our Santa Clara campus will enable us to continue to provide value to enterprises doing business in Northern California.”
CoreSite's design of SV7 reflects the company's focus on creating an interconnected environment comprised of enterprises, networks and cloud service providers to enable high-performance applications for CoreSite's customers.
CoreSite's Santa Clara campus provides access to nearly 40 network, cloud and IT service providers as well as 20 enterprise and digital content customers; on-demand cloud services; CoreSite's Any2 Exchange for Internet peering, the largest IP exchange on the West Coast, and CoreSite's Blended IP service; interconnection with AWS direct connect; security features including 24x7x365 in-house on-site security officers, key card access, biometric scanners and double mantrap entries; flexible solutions including cabinets, cages, and build-to-suit suites; compliance support for industry-specific customer requirements; and PCI DSS and SSAE 16 SOC 1 Type 2 validated infrastructure and systems.
“Santa Clara has continued to be among the top markets in the US in terms of annual absorption of data center capacity, and we believe that our SV7 development will bring added best-in-class capacity to this robust market. Further, the nearly 180 customers currently deployed within CoreSite's data centers throughout Silicon Valley benefit from our continued expansion of the highly interconnected environment in which their performance-sensitive IT applications are deployed," says Ray.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
