Yondr Group has acquired a 40-acre site in Manassas, Virginia, in partnership with certain funds and accounts managed by Cerberus Capital Management and its affiliates, to develop a 72MW hyperscale data center campus.
The companies said the site is intended to support demand from hyperscale customers, with the campus expected to become operational in 2029. Yondr said the development is aimed at workloads including cloud and artificial intelligence applications.
The announcement comes as Northern Virginia remains a key global hub for data centers, supported by large-scale cloud deployments and extensive fibre connectivity, while power availability and capacity constraints continue to shape development timelines and site selection across the region.
“We continue to see strong demand for well-located capacity across our global portfolio including Northern Virginia, and this acquisition marks another important step in growing our North American footprint,” said Aaron Wangenheim, CEO of Yondr. “Bringing a project of this scale online in a market like Northern Virginia takes deep operational expertise and strategic, sophisticated capital, and our partnership with Cerberus brings both together to deliver the capacity hyperscale customers increasingly need.”
“We are pleased to partner with Yondr to deliver a high-quality project in Northern Virginia that is well-positioned to support hyperscale demand,” said Tom Wagner, Senior Managing Director and Head of North American Real Estate at Cerberus. “With near-term power availability in a historically constrained market and a 2029 ready-for-service date, this project will be well-positioned to support continued customer demand while creating long-term value for our partners and investors. We look forward to advancing this project alongside Yondr and to identifying compelling opportunities to invest in high-quality real assets supported by the strong fundamentals in the digital economy.”
