The company has entered into a contract to acquire a 280,000 square foot building, which will be called NY2, on 10 acres of land.
Once completed NY2 will have up to 18 critical megawatts of capacity and the site will be able to support additional data centre developments to cater to future market demand.
A total investment of $65 million is estimated to acquire the facility, redevelop the shell and complete an initial inventory phase of 65,000 square feet. Additional investment is expected after this to expand the campus in response to customer demand.
"CoreSite's entry into Secaucus is an important step in the execution of our strategy to extend our US platform supporting latency-sensitive customer applications in network-dense, cloud-enabled data centre campuses," said Tom Ray, president and CEO at 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 company said it had received pre-commitments from key service partners to service the site, including Sidera Networks, Zayo and Seaborn Networks, and preliminary interest from prospective customers in the NY2 site.
"We are pleased to bring Zayo's bandwidth Infrastructure services, including dark fibre, wavelengths, Ethernet and IP services, into CoreSite's new NY2 facility," said Glenn Russo, EVP of corporate strategy and development at Zayo. "The Zayo and CoreSite relationship continues to expand connectivity for current and future customers of both companies."
Seaborn plans to use the site to provide full mesh backhaul and a PoP network for its Seabras-1 US to Brazil cable, scheduled to be ready for service in the first quarter of 2015, and Sidera will connect the NY2 to its low latency network.
CoreSite also said it intends to construct a dark fibre link between NY2 and its existing NY1 site in Manhattan to provide interconnection across New York and distributed direct-connect access to Coresite’s Mesh cloud community.
The acquisition is expected to close in early February, with construction to convert the existing building to data centre specifications to begin in Q1 2013 and capacity delivery in Q4 2013. NY2 will be CoreSite’s 16th US data centre.
