The Firm is representing certain funds and accounts managed by Cerberus Capital Management, L.P. and its affiliates ("Cerberus"), a global alternative investment advisor, in connection with its acquisition, alongside Yondr Group, of a 40-acre site to build a 72 MW data center campus in Manassas, Virginia, which is expected to become operational in 2029.
The project will help meet sustained demand from hyperscale customers for well-located capacity that can serve a diverse set of use-cases including cloud, enterprise and artificial intelligence applications. Northern Virginia is the largest and most established data center market in the world, with significant hyperscale and cloud presence, deep fiber connectivity and unparalleled proximity to global hubs in the Northeastern United States.
The Simpson Thacher team included Sam Rudik, Shane Herskowitz, Isabella Newmark and Mark Tucker (Real Estate); and Nancy Mehlman and Adam Hersch (Tax).