Press Releases

GI Partners Renews and Expands CoreSite’s One Wilshire Lease

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GI Partners has announced that it has renewed and expanded CoreSite’s lease in the One Wilshire building, located at 624 S. Grand Avenue in Los Angeles. CoreSite, a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., has renewed its existing 162 thousand square feet of space in the building for seven years, and it has expanded into an additional 17 thousand square feet in order to continue to provide high-performance data center solutions to its customers in one of the one of the most network-dense data centers in the world. As part of CoreSite’s renewal and expansion at One Wilshire, CoreSite extended the term of its original lease by seven years to 2029, and maintains its three, five-year renewal options, with control over its space through 2044.

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GI Partners invests in increased capacity at One Wilshire

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The One Wilshire building in downtown Los Angeles is undergoing significant changes under the ownership of GI Partners. Since taking over the property from Hines REIT in 2013, the company has developed a plan and begun to power and cool more datacenter space for the building. The project will power and cool up to 9MW of utility power to One Wilshire, on top of the existing and available 3MW today – creating the ability to commission up to 150,000 square feet of space for datacenter tenants. The move comes as GI Partners works to gain new value from its investments, and the company is working diligently with its existing and new tenants to support potential growth of demand.

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One Wilshire Joins Global Telecom Community at PTC 2016

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LOS ANGELES, CA – One Wilshire, located at 624 South Grand Avenue in the heart of Los Angeles, is the leading carrier of the West Coast and serves as the most reliable network gateway to Asia. The company will attend PTC 2016 to be held in Honolulu, Hawaii January 17-20, 2016. As a carrier neutral facility…

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