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American Focus > Blog > Economy > American Tower Subsidiary CoreSite Expands NY Data Center Foot
Economy

American Tower Subsidiary CoreSite Expands NY Data Center Foot

Last updated: October 6, 2025 7:41 am
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American Tower Subsidiary CoreSite Expands NY Data Center Foot
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American Tower (NYSE:AMT) ranks among the top American stocks to invest in for the next three years. On September 25, CoreSite, a subsidiary of American Tower focused on vital business and AI workloads via interconnected data center solutions, announced the launch of its latest data center, NY3. This facility is strategically located at 2 Emerson Lane, Secaucus, New Jersey, within the New York metropolitan area.

Situated next to the existing NY2 facility, the new data center forms one of the most interconnected and scalable data center campuses along the Eastern Seaboard. The NY3 facility enhances CoreSite’s New York capacity by over 138,000 square feet. With this addition, CoreSite’s total footprint in New York exceeds 442,000 square feet, comprising three facilities: NY1 (32 Avenue of the Americas, Manhattan, New York), NY2 (2 Emerson Lane, Secaucus, New Jersey), and the newly inaugurated NY3.

American Tower Subsidiary CoreSite Expands NY Data Center Footprint

American Tower Subsidiary CoreSite Expands NY Data Center Footprint

This New York campus facilitates direct cloud access to AWS and supports a diverse array of clients, including global financial institutions, higher education establishments, and both domestic and international telecommunications carriers. Customers can utilize the Open Cloud Exchange/OCX for connectivity to major public cloud providers. Additionally, to accommodate high-performance and AI-centric workloads, NY2 and NY3 facilities are equipped with advanced liquid cooling solutions to enhance thermal efficiency.

American Tower (NYSE:AMT) serves as a leading independent owner, operator, and developer of multitenant communications real estate, boasting an impressive portfolio of approximately 150,000 communications sites along with a well-connected network of U.S. data centers.

While AMT shows potential as an investment, we suggest that there are specific AI stocks that may present greater upside potential while carrying less risk. If you’re interested in discovering an undervalued AI stock poised to benefit from Trump-era tariffs and the onshoring movement, explore our free report on the best short-term AI stock.

See also  Do You Believe in the Growth Potential of Valvoline (VVV)?

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article originally appeared on Insider Monkey.

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