Yondr Group, a global developer, owner, and operator of hyperscale data centers, has acquired a 40-acre site in Manassas, Virginia, for a planned 72 MW data center campus through a partnership with funds and accounts managed by Cerberus Capital Management, an alternative investment firm.
According to a Yondr Group press release, the development is part of Yondr’s expansion in North America. Northern Virginia remains the world’s largest data center market, with a high concentration of hyperscale and cloud operators, extensive fiber connectivity and access to major population and business centers 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, 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.”
Tom Wagner, Senior Managing Director and Head of North American Real Estate, Cerberus, said, “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.”
The data center campus and its power availability are expected to become operational in 2029 and the facility is intended to support demand from hyperscale customers, including cloud and artificial intelligence workloads in Northern Virginia.
According to Mordor Intelligence, the Northern Virginia data center market is expected to grow from 16.05 GW in 2025 to an estimated 20.32 GW in 2026. It is projected to touch 43.52 GW by 2031, growing at a 3.38 percent CAGR over 2026-2031. Sustained hyperscale capital expenditure, record-high fiber density, and a tax regime that exempts data-center equipment from sales-and-use taxes underpin this steady growth trajectory.