Kirkland & Ellis Advises Tract Capital Funds on Lease and Property Sale for 230‑MW Hyperscale Data Center in Nevada

"Kirkland & Ellis advised private equity funds sponsored by Tract Capital on the lease and purchase and sale of real property in Storey County, Nevada, for a 230 MW utility (200 MW critical IT) turnkey hyperscale data center and electrical substation, fully leased to an AA‑ rated tenant under a 197‑month triple net lease."

Kirkland & Ellis advised private equity funds sponsored by Tract Capital on both the long‑term lease and the purchase and sale of real property for a hyperscale data center development in Storey County, Nevada. The transaction concerns the development of a turnkey data center and an electrical substation with 230 megawatts of utility capacity (200 megawatts of critical IT capacity). The facility has been fully leased to an AA‑ rated investment‑grade tenant under a 197‑month triple‑net lease. Kirkland & Ellis represented private equity funds sponsored by Tract Capital with a team composed by: Kimberly L. McGrath, P.C. (real estate), David J. Arbus (real estate), Jordan Murray, P.C. (investment funds), Joseph H. Baldwin (investment funds), and Mark Schwed, P.C. (tax). Kirkland & Ellis represented private equity funds sponsored by Tract Capital with a team composed by: Melissa D. Kalka, P.C. (corporate), Emily L. Lichtenheld, P.C. (corporate), Andrew D. Small, P.C. (real estate), Jordan Murray, P.C. (investment funds), Joseph H. Baldwin (investment funds), and Mark Schwed, P.C. (tax).

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Kirkland & Ellis Advises Tract Capital Funds on Lease and Property Sale for 230‑MW Hyperscale Data Center in Nevada

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Kirkland & Ellis Advises Tract Capital Funds on Lease and Property Sale for 230‑MW Hyperscale Data Center in Nevada

Read the full story

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