CoreSite’s Latest Acquisition: Denver Gas & Electric Building
CoreSite Realty Corporation, a leading provider of secure, reliable, and high-performance data center and colocation solutions, recently announced the acquisition of the Denver Gas & Electric Building. This strategic move is aimed at expanding CoreSite’s market presence in the Denver metro area and strengthening its position as a premier data center provider.
Expanding CoreSite’s Denver Footprint
The Denver Gas & Electric Building, located in the heart of the Denver Tech Center, is a 11-story, 210,000 square foot office and data center property. CoreSite plans to redevelop the building into a state-of-the-art data center, which will offer customers low-latency access to major cloud providers, network service providers, and enterprises. This acquisition adds to CoreSite’s existing portfolio of data centers in the Denver market, including the Denver Tech Center Campus and the Denver West Campus.
The Impact on the Local Community
The acquisition of the Denver Gas & Electric Building by CoreSite is expected to bring several benefits to the local community. First and foremost, it will create new jobs in the data center industry, including construction, engineering, and operations positions. Additionally, the redevelopment of the building into a data center will contribute to the ongoing revitalization of the Denver Tech Center area. Furthermore, CoreSite’s presence in the Denver market will attract more technology companies and startups, leading to increased economic activity and innovation in the region.
Global Implications
Beyond the local impact, CoreSite’s acquisition of the Denver Gas & Electric Building is significant on a global scale. The data center industry is a critical component of the digital economy, and the demand for secure and reliable data center infrastructure is only continuing to grow. CoreSite’s expansion in the Denver market is a testament to the company’s commitment to meeting this demand and providing customers with the best possible solutions for their data center needs.
Conclusion
CoreSite’s acquisition of the Denver Gas & Electric Building is an exciting development for the company and the Denver community. This strategic move will not only expand CoreSite’s market presence in the Denver metro area but also create new jobs, contribute to the revitalization of the Denver Tech Center, and attract more technology companies and startups to the region. As the demand for secure and reliable data center infrastructure continues to grow, CoreSite’s commitment to meeting this demand and providing customers with the best possible solutions is more important than ever.
- CoreSite acquires Denver Gas & Electric Building to expand Denver market presence
- New data center to offer low-latency access to major cloud providers and network service providers
- Creation of new jobs in the data center industry
- Contributes to the ongoing revitalization of the Denver Tech Center
- Attracts more technology companies and startups to the region
- Significant global implications for the data center industry
