Overview
Data centers are a unique asset class, combining the complexities of real estate, financing, land use, environmental, and energy regulation into a single, high-value infrastructure investment. At Cox Castle, we understand that success in this space demands deep industry knowledge and the ability to move projects from concept to completion with precision and speed. Cox Castle brings a wealth of experience and deep relationships working with agencies to help shape strategic decisions regarding site selection, entitlement processes, timelines, and risk.
Across our full-suite of real estate services, our attorneys bring extensive experience representing investors, developers, operators, lenders, and users in all aspects of data center projects and transactions. We have helped our clients tackle the industry’s most complicated challenges, including the acquisition, development, entitlement, joint venture, sale, financing, environmental permitting, and leasing of data centers (including SLA structuring). We also stay at the cutting-edge of streamlining strategies that aim to accelerate development timelines.
Areas of Focus
- Data Center Development & Entitlement
- Data Center M&A & Portfolio Transactions
- Co-Location, Leasing & Licensing Agreements
- Equity, Debt and Structured Finance Vehicles
- Renewable Energy & Power Procurement
- Environmental Compliance
Comprehensive Legal Services for Every Phase of the Data Center Lifecycle
Our in-depth knowledge of the data center ecosystem gives us the unique ability to efficiently handle virtually all facets of our clients’ legal needs. We deliver a comprehensive strategy that satisfies client business objectives with the right speed and tone to optimize the return on investment.
- Site Acquisition, Planning & Development
- Construction & Infrastructure
- Leasing, Operations & Commercial Agreements• Energy, Power & Sustainability
- Finance, Investment & Structuring
- Tax & Incentives
- Dispute Resolution
Experience
Representing a developer in the entitlement of multiple data centers, including associated substations and backup power generation, in San Jose and other Bay Area jurisdictions.
Representing a developer on the entitlement of two data centers in Los Angeles County.
Represented a technology company in the purchase of a data center in California.
Represented a lender in connection with due diligence and financing of a data center.
Represented a data center operator in the purchase of a data center in Texas.
Represented a data center operator in the sale of three operating data centers to a publicly traded REIT.
Represented a data center operator in the $71.6 million acquisition of data center properties in Santa Clara County from a technology company.
Represented an institutional investor investing $300 million in a platform joint venture with a private investment firm to acquire, develop, and operate real estate projects used primarily for data center operations, in U.S. markets. Projects can be acquired as stabilized or for value creation, speculative development, or build-to-suit. At least 75% of capital is committed to primary markets, with up to 25% in other markets.
Represented an institutional investor in a joint venture with a private investment firm to acquire, develop, renovate, refurbish, and operate technology-related value-add real estate projects, primarily projects that have been enhanced with core building system upgrades as required for data storage, computer processing, and/or network connection, in the metro areas of major U.S. cities.
