NEW YORK, AUGUST 3, 2026 – Yondr Group, a global developer, owner and operator of hyperscale data centers, has announced the acquisition of a 40-acre site in Manassas, Virginia, in partnership with certain funds and accounts managed by Cerberus Capital Management, L.P. and its affiliates (“Cerberus”), a global leader in alternative investing. The site will enable construction of a 72 MW data center campus, expected to become operational in 2029, helping to meet sustained demand from hyperscale customers for well-located capacity that can serve a diverse set of use-cases including cloud and artificial intelligence applications.
The project will help support hyperscale customers’ growing capacity requirements for well-located infrastructure 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.
“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.”