CoreSite Realty Corporation, a national provider of powerful, network-rich data centres, has announced results for the three and nine months ended September 30, 2010.

Amongst the highlights of the quarter were; Completed initial public offering with proceeds of $289.2 million net of underwriting discounts and commissions; Signed new and expansion data centre leases totalling 26,949 net rentable sq ft; Realized 23.6% average increase in rental rates on a GAAP basis for leases renewed during the quarter and achieved a retention ratio in excess of 80% and delivered 14,079 sq ft of redeveloped data centre space.

Source: Bradenton

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