Cerberus and Yondr Acquire Land in Northern Virginia for New Hyperscale Data Center
Cerberus Capital Management, L.P. and its affiliates have partnered with Yondr Group to acquire a 40-acre site in Manassas, Virginia, where they plan to build a 72 MW hyperscale data center campus expected to be operational by 2029. The project aims to address the growing demand for high-quality digital infrastructure from cloud and AI customers in Northern Virginia, one of the world's largest and most established data center markets. The development is positioned to leverage strong fiber connectivity and strategic proximity to major hubs on the East Coast. Tom Wagner of Cerberus emphasized that this project will support near-term power availability in a historically constrained market while delivering long-term value for investors. Yondr CEO Aaron Wangenheim noted the importance of operational expertise and capital, which their partnership provides. Cerberus is an alternative investment firm with $72 billion under management across credit, private equity, and real estate strategies.
Topics: digital economy hyperscale data centers infrastructure development