Yondr Group and Cerberus Capital Management Acquire 40-Acre Manassas Site for 72MW Northern Virginia Data Center
MANASSAS, Va. — Aug. 3, 2026 — Yondr Group and funds and accounts managed by Cerberus Capital Management have acquired a 40-acre site in Manassas, Virginia, where the partners plan to develop a 72-megawatt hyperscale data center campus, the companies announced Monday. The project is expected to become operational in 2029 and is designed to serve cloud, enterprise, and artificial intelligence workloads.
Financial terms of the land acquisition were not disclosed.
Deal Details and Project Scope
The Manassas site is located within the Northern Virginia data center corridor. At 72 megawatts of planned IT capacity across 40 acres, the project implies a density of roughly 1.8 megawatts per acre, consistent with modern hyperscale campus design. Building count and total square footage have not been specified.
Aaron Wangenheim, CEO of Yondr Group, said the acquisition advances the company's North American expansion strategy. "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," Wangenheim said. "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."
Thomas Wagner, Senior Managing Director and Head of North American Real Estate at Cerberus Capital Management, said the project's power availability and timeline were key factors. "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," Wagner said. "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."
Northern Virginia Market Context
Northern Virginia is the largest data center market in the world, with more than 3.5 gigawatts of commissioned IT capacity across more than 300 facilities and an additional roughly 2.2 gigawatts under construction. Despite that scale, available capacity has contracted sharply. Vacancy in the Northern Virginia wholesale market stood at approximately 0.5% in the second half of 2025 and fell further to an all-time low of approximately 0.3% by the first quarter of 2026. That compares with a national vacancy rate of 1.4% across primary U.S. data center markets at the end of 2025, even as inventory grew 36% in a single year.
The supply pipeline offers limited near-term relief. Approximately 96% of Northern Virginia's 2026 scheduled supply was pre-committed, with preleasing activity extending into 2027 and beyond. Nationally, 81.5% of capacity under construction was already pre-leased by late 2025.
Power availability, rather than land, has emerged as the primary constraint on new development in the region. Grid limitations and permitting timelines have slowed the pace of new capacity additions, making secured power agreements a critical differentiator for developers. The Manassas site is being positioned as offering near-term power availability, a distinction that carries particular weight in the current environment.
Strategic Positioning for 2029 Delivery
The 2029 target delivery date slots the campus into the period immediately following the current wave of pre-leased 2026-through-2028 deliveries, positioning Yondr Group and Cerberus Capital Management to compete for the next round of hyperscale procurement cycles driven by cloud and AI infrastructure buildout.
Yondr Group has an existing presence in Northern Virginia. The company previously broke ground on a data center campus in Loudoun County and subsequently energized its first Northern Virginia campus. A second 48-megawatt facility in Loudoun County also broke ground as part of that earlier development program. The Manassas acquisition extends the company's footprint within the Northern Virginia cluster.
Cerberus Capital Management, founded in 1992, manages approximately $72 billion in assets across credit, private equity, and real estate strategies.
About the Companies
Yondr Group is a global developer, owner, and operator of hyperscale data centers, with campuses designed to support cloud and AI workloads. Cerberus Capital Management is a global alternative investment firm that invests across the capital structure in credit, private equity, and real estate.