American Tower Subsidiary CoreSite Expands NY Data Center Foot

American Tower (NYSE:AMT) is one of the best American stocks to buy and hold for the next 3 years. On September 25, CoreSite, which is an American Tower company that handles critical business and AI workloads through interconnected data center solutions, announced the completion and launch of its newest data center facility, NY3. This purpose-built facility is located at 2 Emerson Lane, Secaucus, New Jersey, and is part of the New York metropolitan area.

It is positioned adjacent to the company’s existing NY2 facility, creating one of the most connected and scalable data center campuses on the Eastern Seaboard. The new NY3 data center adds more than 138,000 square feet of data center capacity to CoreSite’s New York footprint. With the addition of NY3, CoreSite’s total New York market footprint now exceeds 442,000 square feet and includes three facilities: NY1 (32 Avenue of the Americas, Manhattan, New York), NY2 (2 Emerson Lane, Secaucus, New Jersey), and the new NY3.

The New York campus offers direct cloud connection to AWS and serves a diverse ecosystem that includes global financial services, higher education institutions, and domestic and international carriers. Customers can leverage the Open Cloud Exchange/OCX to access all the major public cloud providers. Furthermore, to support high-performance and AI-driven workloads, both the NY2 and NY3 facilities offer the ability to deploy advanced liquid cooling solutions for enhanced thermal efficiency.

American Tower (NYSE:AMT) is a leading independent owner, operator, and developer of multitenant communications real estate with a portfolio of ~150,000 communications sites and a highly interconnected footprint of US data center facilities.

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Disclosure: None. This article is originally published at Insider Monkey.