Shares of data center landlord CoreSite Realty increase 2 percent in IPO debut Thursday

CoreSite Realty shares up 2 percent in IPO debut

NEW YORK — Shares of CoreSite Realty Corp. are rising in their market debut.

The Denver company’s Thursday offering totaled 16.9 million shares. CoreSite plans to use the proceeds to buy 11 million operating partnership units from its operating partnership and 5.9 million operating partnership units from the Carlyle real estate funds.

CoreSite Realty owns and manages 11 facilities that house computer systems totaling 2 million square feet.

Company shares are up 32 cents, 2 percent above the opening price of $16 each.

The shares trade on the New York Stock Exchange under the symbol “COR.”