Yondr Group and Cerberus Capital Management have jointly acquired 40 acres in Manassas, Virginia, for a new data center campus, according to Data Center Dynamics. Manassas sits within the broader Northern Virginia data center corridor, the largest concentration of data center capacity in the world. No financial terms for the land acquisition were disclosed.
The Yondr-Cerberus partnership brings together a specialist data center developer and a major private equity firm, a combination that typically signals a large-scale, multi-building campus build. Additional land acquisition in Northern Virginia's saturated market indicates continued demand pressure in the region despite rising power and permitting constraints.
Named companies Yondr Group and Cerberus, specific acreage, and the Northern Virginia location triggered selection. The private equity involvement and prime market location ranked this above generic land acquisition stories in this run.