Market Overview

CoreSite Receives Final Approval to Expand Planned Development at Its Reston, Virginia Data Center Campus

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CoreSite can now build an incremental 50 megawatts of capacity in
Reston to support demand

CoreSite Realty Corporation (NYSE:COR), a premier provider of secure,
reliable, high-performance data
center
and interconnection
solutions across the U.S., today announced that it has received final
approval from the Fairfax County Board of Supervisors to expand the
scope of its planned development of its data center campus in Reston,
Virginia.

With the approval of CoreSite's application to modify zoning
requirements, it can now build an incremental 289,000 net rentable
square feet, or an incremental 50 megawatts, of data center capacity for
a total of approximately 900,000 net rentable square feet, or more than
100 megawatts, at full campus build out, to support current and future
customer demand in the largest data center market in the world. In
addition, CoreSite customers can take advantage of the Virginia Data
Center Retail Sales & Use Tax Exemption program towards the purchase of
computer equipment and enabling software. CoreSite is the first, and
only, data center provider to qualify in Fairfax County.

CoreSite acquired the 21.75-acre light industrial / flex office park in
November 2016 to expand its existing Reston, Virginia data center
campus. Upon full build out of its Reston expansion, CoreSite's Northern
Virginia data center footprint will comprise almost 1.4 million square
feet, extending CoreSite's position as a leading multi-tenant data
center provider in Northern Virginia. CoreSite's Reston expansion will
leverage off of the strong position it has established at
its Reston campus with over 175 customers, including access to more than
60 networks and over 50 cloud and IT service providers.

"We are pleased with the opportunity to expand our network-dense,
cloud-enabled campus in Reston, through which Fairfax County enterprises
have access to world class, cost-effective IT infrastructure and cloud
products, and through which clouds, networks and content companies
service the Northern Virginia community," said Juan Font, Senior Vice
President of General Management of CoreSite. "Our type of data center
campus provides a unique community in which regional technology
companies and enterprises with digital services can grow and scale
rapidly."

CoreSite's Reston campus provides CoreSite's customers with direct
access to leading public cloud on-ramps, including AWS
Direct Connect
, Microsoft
Azure ExpressRoute
, Alibaba
Cloud
, and IBM Cloud Direct Link, as well as CoreSite's
Open Cloud Exchange
. In addition to its cloud capabilities,
CoreSite's Reston colocation campus provides direct, low-latency network
access to and from CoreSite's data
center campus in Washington, D.C.
, and key network access
points along the Eastern Seaboard, enabling networks, cloud providers,
and enterprises to scale, improve performance, and reduce costs.

About CoreSite

CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable,
high-performance data center and interconnection solutions to a growing
customer ecosystem across eight key North American markets. More than
1,350 of the world's leading enterprises, network operators, cloud
providers, and supporting service providers choose CoreSite to connect,
protect and optimize their performance-sensitive data, applications and
computing workloads. Our scalable, flexible solutions and 450+ dedicated
employees consistently deliver unmatched data center options — all of
which leads to a best-in-class customer experience and lasting
relationships. For more information, visit www.CoreSite.com.

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
CoreSite's control that may cause actual results to differ significantly
from those expressed in any forward-looking statement. These risks
include, without limitation: any adverse developments in local economic
conditions or the demand for data center space in these markets;
operational difficulties, including difficulties relating to information
systems, internal processes and information security; significant
industry competition; financial market fluctuations; and other factors
affecting the real estate industry generally. All forward-looking
statements reflect CoreSite's good faith beliefs, assumptions and
expectations, but they are not guarantees of future performance.
Furthermore, CoreSite 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 CoreSite's future results to differ materially
from any forward-looking statements, see the section entitled "Risk
Factors" in CoreSite's most recent annual report on Form 10-K, and other
risks described in documents subsequently filed by CoreSite from time to
time with the Securities and Exchange Commission.

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