CoreSite Acquires Denver Gas and Electric Building, #1 Network-Dense Asset in the Rocky Mountain Region
CoreSite, an American Tower company (NYSE: AMT), has announced the acquisition of the Denver Gas and Electric Building, the primary interconnection point in the Rocky Mountain region. The acquisition of this network-dense carrier hotel will enable CoreSite to add approximately 3 critical megawatts (CMW) of data center capacity, nearly doubling DE1's space and power footprint.
The transaction will facilitate easier access to the Google Cloud Platform dedicated interconnects onramp and expand network access for CoreSite's Any2Denver Exchange. The company will gain about 100 interconnection-rich building customers and plans additional investments to enhance operational efficiency.
CoreSite's Denver campus currently includes DE1 and DE2, with the upcoming DE3 enterprise-grade data center under construction at 4900 N. Race Street. Once completed, DE3 will offer 97,000 square feet and 18 CMW of capacity.
CoreSite, una società di American Tower (NYSE: AMT), ha annunciato l'acquisizione del Denver Gas and Electric Building, il principale punto di interconnessione nella regione delle Rocky Mountain. L'acquisizione di questo carrier hotel ad alta densità di rete consentirà a CoreSite di aggiungere circa 3 megawatt critici (CMW) di capacità per i data center, quasi raddoppiando lo spazio e la potenza di DE1.
La transazione faciliterà l'accesso più semplice agli interconnettori dedicati della Google Cloud Platform e amplierà l'accesso alla rete per l'Any2Denver Exchange di CoreSite. L'azienda guadagnerà circa 100 clienti di edifici ricchi di interconnessioni e prevede ulteriori investimenti per migliorare l'efficienza operativa.
Il campus di Denver di CoreSite include attualmente DE1 e DE2, con il prossimo data center di livello enterprise DE3 in costruzione al 4900 N. Race Street. Una volta completato, DE3 offrirà 97.000 piedi quadrati e 18 CMW di capacità.
CoreSite, una empresa de American Tower (NYSE: AMT), ha anunciado la adquisición del Denver Gas and Electric Building, el principal punto de interconexión en la región de las Montañas Rocosas. La adquisición de este hotel de portadores denso en red permitirá a CoreSite agregar aproximadamente 3 megavatios críticos (CMW) de capacidad para centros de datos, casi duplicando el espacio y la huella de energía de DE1.
La transacción facilitará un acceso más sencillo a los interconectores dedicados de la Google Cloud Platform y ampliará el acceso a la red para el Any2Denver Exchange de CoreSite. La empresa obtendrá alrededor de 100 clientes de edificios ricos en interconexiones y planea inversiones adicionales para mejorar la eficiencia operativa.
El campus de Denver de CoreSite actualmente incluye DE1 y DE2, con el próximo centro de datos de nivel empresarial DE3 en construcción en 4900 N. Race Street. Una vez completado, DE3 ofrecerá 97,000 pies cuadrados y 18 CMW de capacidad.
CoreSite는 미국 타워 회사(뉴욕증권거래소: AMT)로서 덴버 가스 및 전기 빌딩을 인수했다고 발표했습니다. 이는 로키산맥 지역의 주요 상호 연결 지점입니다. 이 네트워크 밀도가 높은 캐리어 호텔의 인수로 CoreSite는 약 3개의 중요한 메가와트(CMW)의 데이터 센터 용량을 추가할 수 있게 되어 DE1의 공간과 전력 용량이 거의 두 배로 증가합니다.
이번 거래는 구글 클라우드 플랫폼의 전용 상호 연결 진입로에 대한 더 쉬운 접근을 가능하게 하고 CoreSite의 Any2Denver Exchange에 대한 네트워크 접근을 확장할 것입니다. 회사는 약 100개의 상호 연결이 풍부한 건물 고객을 확보하게 되며 운영 효율성을 향상시키기 위한 추가 투자를 계획하고 있습니다.
CoreSite의 덴버 캠퍼스는 현재 DE1과 DE2를 포함하고 있으며, 4900 N. Race Street에 기업 등급의 데이터 센터 DE3이 건설 중입니다. DE3가 완공되면 97,000 평방피트와 18 CMW의 용량을 제공할 것입니다.
CoreSite, une entreprise d'American Tower (NYSE: AMT), a annoncé l'acquisition du Denver Gas and Electric Building, le principal point d'interconnexion de la région des Montagnes Rocheuses. L'acquisition de cet hôtel de transport à forte densité de réseau permettra à CoreSite d'ajouter environ 3 mégawatts critiques (CMW) de capacité de centre de données, presque en doublant l'espace et l'empreinte énergétique de DE1.
La transaction facilitera un accès plus simple aux interconnexions dédiées de la Google Cloud Platform et élargira l'accès au réseau pour l'Any2Denver Exchange de CoreSite. L'entreprise gagnera environ 100 clients d'immeubles riches en interconnexions et prévoit des investissements supplémentaires pour améliorer l'efficacité opérationnelle.
Le campus de Denver de CoreSite comprend actuellement DE1 et DE2, avec le prochain centre de données de niveau entreprise DE3 en construction au 4900 N. Race Street. Une fois terminé, DE3 offrira 97 000 pieds carrés et 18 CMW de capacité.
CoreSite, ein Unternehmen von American Tower (NYSE: AMT), hat die Übernahme des Denver Gas and Electric Building angekündigt, dem wichtigsten Interkonnektionspunkt in der Rocky-Mountain-Region. Durch die Übernahme dieses netzdichten Carrier-Hotels kann CoreSite etwa 3 kritische Megawatt (CMW) an Rechenzentrums-Kapazität hinzufügen, wodurch sich der Raum- und Leistungsfußabdruck von DE1 nahezu verdoppelt.
Die Transaktion wird den Zugang zu den dedizierten Interconnects der Google Cloud Platform erleichtern und den Netzwerkzugang für CoreSites Any2Denver Exchange erweitern. Das Unternehmen wird etwa 100 interconnectionsreiche Gebäudekunden gewinnen und plant zusätzliche Investitionen zur Verbesserung der Betriebseffizienz.
Der Denver-Campus von CoreSite umfasst derzeit DE1 und DE2, während das kommende DE3-Rechenzentrum der Unternehmensklasse am 4900 N. Race Street im Bau ist. Nach der Fertigstellung wird DE3 97.000 Quadratfuß und 18 CMW an Kapazität bieten.
- Acquisition adds 3 CMW of data center capacity, doubling DE1's footprint
- Gains approximately 100 interconnection-rich building customers
- Enhances access to Google Cloud Platform interconnects
- Strengthens market leadership position in Denver region
- Expands network access for Any2Denver Exchange
- Additional investment required for building improvements
- Integration costs and risks associated with acquiring existing operations
- Forward-looking statements indicate inherent uncertainties and risks
Insights
CoreSite's acquisition of the Denver Gas and Electric Building represents a strategic infrastructure consolidation that strengthens American Tower's data center portfolio in a critical market. By securing ownership of a facility where they were already operating, CoreSite eliminates landlord risk while gaining control of what's described as the region's premier interconnection hub.
The addition of 3 critical megawatts nearly doubles their DE1 data center capacity, creating meaningful expansion in a location where alternatives are Interconnection facilities derive their value from network density - the more carriers and cloud providers present, the more valuable the ecosystem becomes to additional participants. The transaction secures approximately 100 new customers and enhances access to the Google Cloud Platform onramp.
This acquisition appears strategically sound for three reasons: First, it secures a difficult-to-replicate interconnection asset with established ecosystem value. Second, it provides vertical integration by combining facility ownership with existing operations. Third, it complements CoreSite's broader Denver expansion strategy, including their development of the larger DE3 facility (18 CMW).
For American Tower investors, this transaction strengthens the company's diversification beyond traditional tower assets into the higher-growth interconnection-focused data center segment, though the financial impact is likely modest relative to AMT's
This acquisition addresses two critical technology trends reshaping digital infrastructure: the shift toward AI-driven workloads and the increasing importance of edge computing architectures. Carrier hotels like the Denver Gas and Electric Building serve as vital regional connectivity hubs where computing resources, networks, and cloud providers converge.
By securing this strategic asset, CoreSite enhances its position in the Rocky Mountain region's digital economy through three distinct advantages. First, they've locked down a physical location with established interconnection density - something competitors cannot easily replicate. The building's value stems from the network effect of having multiple carriers in one location, driving down connection costs while increasing redundancy options.
Second, the Google Cloud Platform onramp presence provides a competitive edge for attracting enterprises implementing hybrid cloud architectures. CoreSite can now offer simplified cloud access as part of an integrated solution rather than through third-party arrangements.
Finally, the transaction aligns with the industry's "land and expand" approach - controlling key connection points before gradually adding capacity. The planned addition of 3 CMW capacity demonstrates CoreSite's confidence in demand for high-density, interconnection-rich colocation space, likely driven by AI deployment requirements and the need for lower-latency application performance. While relatively small in absolute capacity terms, the strategic value of this network-dense location significantly outweighs its raw power metrics.
Company Further Expands its Denver Market Presence
Enhances its Interconnection Offering by Simplifying Access to the Google Cloud Platform Onramp and to More Networks for CoreSite’s Leading Any2Denver Peering Exchange in the Facility
Image courtesy of 910 Telecom @AnthonyJacksonImages.com
As a result of the transaction, CoreSite will make it easier for customers to access the existing Google Cloud Platform dedicated interconnects onramp and more networks for one of the leading peering exchanges in the Rocky Mountain region, CoreSite’s Any2Denver Exchange. CoreSite will also gain about 100 of the interconnection-rich building’s customers and continue to serve as the ideal hub for performance-sensitive applications.
“CoreSite is excited to further invest and expand in our hometown market of
CoreSite’s
About CoreSite
CoreSite, an American Tower company (NYSE: AMT), is a leading interconnection data center platform that empowers businesses to future-proof their digital transformation initiatives. For more than 20 years, CoreSite’s purpose-built, highly interconnected data center campuses and team of experts have delivered the cloud-enabled, resilient, and flexible digital ecosystems required for customers to quickly scale and interoperate their businesses to support the increasing demands of critical workloads, like AI and high-density applications. For more information, visit CoreSite.com and follow CoreSite on our Connect[ED] blog, LinkedIn and YouTube channels.
Forward-Looking Statements
This press release contains statements about future events and expectations, or “forward-looking statements,” all of which are inherently uncertain. We have based those forward-looking statements on management’s current expectations and assumptions and not on historical facts. These forward-looking statements involve a number of risks and uncertainties. For important factors that may cause actual results to differ materially from those indicated in our forward-looking statements, we refer you to the information set forth under the caption “Risk Factors” in Item 1A of American Tower’s most recent annual report on Form 10-K, and other risks described in documents American Tower subsequently files from time to time with the Securities and Exchange Commission. Neither we nor American Tower undertake any obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.
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MEDIA CONTACT
Megan Ruszkowski
Vice President of Marketing and Sales Development
720-446-2014
press@CoreSite.com
Source: CoreSite
FAQ
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