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CoreSite acquires second Miami data centre

Written by Wed 5 Oct 2022


CoreSite, a hybrid IT solutions provider in the US, has acquired a data centre in Miami, Florida. The new facility, MI2, increases the company’s footprint in the city by 103,000 square feet and enhances the CoreSite offering in the Southeastern region of the US.

The MI2 data centre is designed to withstand a Category 5 hurricane with wind gusts of up to 185 miles per hour.

With the addition of the new facility, which is a division of American Tower Corporation (AMT), the CoreSite portfolio now includes 28 data centres spread across 10 markets, 450+ networks, 23 native cloud onramps, and more than 35,000 interconnections.

The MI2 data centre, located in the America’s Gateway Park in Doral, Florida, will be connected to the MI1 facility in downtown Miami. This will provide a robust infrastructure with additional capacity for CoreSite customers, in addition to ultra-low latency for those customers in downtown Miami and critical inter-connectivity to South America.

Juan Font, SVP of US Tower and President and CEO of CoreSite, explained, “Miami serves as a key conduit for businesses to manage and grow operations in both North and South America. This expansion in the CoreSite Miami data centre campus will provide the hybrid IT solutions enterprises turn to for secure and scalable connectivity to South America from the US.”

“We are excited to build on our proven record of operational excellence in the greater Miami area where we have been operating since 2006,” he continued, “offering optimal customer experience, critical security and business continuity support and access to cloud and network providers.”

A recent report said that Miami was one of the top three US markets attracting data centre investment, alongside Salt Lake City, Utah and Columbus, Ohio. There are a few reasons for this. First, the population of Southern Florida is expected to grow tremendously over the next few years, potentially reaching 26 million by 2030.

This will cause a parallel increase in demand from both end-users and the companies that serve them. Additionally, Miami is a critical network hub and a gateway to the South American market. Finally, the local government eliminated sales tax and use tax for qualifying data centres, making it even more attractive to investors.

Earlier this month, American Tower stated that the CoreSite acquisition (completed November 2021) was outperforming expectations. The company expects to leverage its presence in Tier 2 and Tier 3 markets, bolstered by CoreSite, to increase business opportunities for AMT.

Written by Wed 5 Oct 2022


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