CoreSite Receives SVP Energy Innovator Award and LEED Gold at its Santa Clara Data Center Campus
DENVER, June 24, 2011 /PRNewswire via COMTEX/ --
CoreSite Realty Corporation (NYSE: COR), a U.S. provider of powerful, network-rich data centers, today announced the company has been selected by Silicon Valley Power ("SVP") as a 2011 Energy Innovator award winner. In addition, CoreSite was awarded LEED Gold certification from the Green Building Certification Institute ("GBCI") at the first of its four planned Santa Clara campus data centers.
Silicon Valley Power awarded CoreSite the Environmental Innovator distinction within the Energy Innovator group based on CoreSite's comprehensive efforts to support energy efficiency and renewable energy. SVP cited CoreSite's energy-efficient air temperature design that will save an estimated 6 million kilowatt-hours annually, enough energy to power 6,750 homes for a month.
"CoreSite was selected from a number of excellent candidates for this award, each of whom was evaluated based on a rigorous review and scoring process," said John C. Roukema, Director of Electric Utility at Silicon Valley Power. "Everyone at Silicon Valley Power would like to commend CoreSite for their efforts in energy-efficiency and renewable energy."
CoreSite also received a LEED Gold certification from the GBCI. LEED (Leadership in Energy and Environmental Design) is defined by the USGBC as a framework for identifying and implementing practical and measurable green building design, construction, operations and maintenance solutions and promotes sustainable building and development practices through a suite of rating systems.
Over the past year, the average power usage effectiveness (PUE) of CoreSite's Santa Clara data center campus has been approximately 1.3, resulting in one of the most energy-efficient data center and colocation environments in California. CoreSite plans to open its second campus data center, a 101,000 square-foot facility located at 2972 Stender Way, in the third quarter and will host a grand-opening event at the building on July 21st. Upon opening, CoreSite will manage more than 500,000 square feet of space in the San Francisco Bay Area and have entitlements to construct an additional 345,000 square feet pending market conditions.
"CoreSite would like to thank MATT Construction for their dedicated construction and project management, which helped to ensure on-time delivery of 2972; Mitsubishi Electric for their efficient, reliable uninterruptible power supply modules and engineering technologies, which significantly reduced our installation time and costs, and long-term cost of ownership; Critical Solutions Group for their expertise and diligence throughout the entire commissioning process; and all of the other organizations who played a role in delivering an exceptional data center product," commented Billie Haggard, CoreSite senior vice president of data centers.
CoreSite Realty Corporation (NYSE: COR) delivers powerful, network-rich data centers that optimize, secure and interconnect the mission-critical IT assets of the world's top organizations. 600+ customers, including Global 1000 enterprises, cloud providers, financial firms, and Government agencies, choose CoreSite for reliability, service and expertise in delivering customized, flexible data center solutions. CoreSite offers private data centers and suites, cage-to-cabinet colocation, and interconnection services, such as Any2, CoreSite's Internet exchange. The company's portfolio comprises more than two million square feet, including space held for redevelopment and development, and provides access to over 200+ network service providers via 11 data centers in seven key U.S. economic centers. For more information please visit www.coresite.com.
CoreSite Investor Relations Contact
CoreSite Media Contact
Mark Jobson, Marketing Director
Forward Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "pro forma," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the Company's control, that may cause actual results to differ significantly from those expressed in any forward-looking statement. These risks include, without limitation: the timely completion of planed construction, geographic concentration of the Company's data centers in certain markets and any adverse developments in local economic conditions or the demand for data center space in these markets; fluctuations in interest rates and increased operating costs; difficulties in identifying properties to acquire and completing acquisitions; significant industry competition; the Company's failure to obtain necessary outside financing; the Company's failure to qualify or maintain our status as a REIT; financial market fluctuations; changes in real estate and zoning laws and increases in real property tax rates; and other factors affecting the real estate industry generally. All forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2011and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission.
SOURCE CoreSite Realty Corporation