CoreSite (NYSE: COR, news, filings ) unveiled plans for a large new data center campus in the New York metro area this morning. The data center REIT is acquiring an existing 280,000 square foot building on 10 acres of land in Secaucus NJ. They plan to develop the property into a new data center campus, with that initial building going by the moniker NY2 – its sixteenth nationally. It will complement CoreSite's other area facility at 32 Ave of the Americas across the river quite nicely. CoreSite hopes to close the deal in February and start converting the building in Q1, bringing the first phase of 65,000 square feet online in Q4. The pricetag for that much will be $65M, with later phases offering up to 18MW of capacity and additional buildings possible on the rest of the property. CoreSite's move comes just a bit over a week after they amended and increased their revolving credit facility to $355M. Clearly they weren't doing so idly.