Kirkland Advises Tract Capital on Lease and Purchase and Sale for Hyperscale Data Center Development

Kirkland & Ellis advised private equity funds sponsored by Tract Capital, an alternative asset manager focused on creating businesses that support digital infrastructure growth, data centers and generative AI, on the lease and purchase and sale of real property for a 230-megawatt utility capacity (200-megawatt critical IT capacity), turnkey data center and electrical substation to be built in Storey County, Nevada. The project has been 100% leased to a AA- investment grade rated tenant pursuant to a 197-month “triple net” lease.

Read Tract Capital’s press release

The Kirkland team advising on the lease included real estate lawyers Kim McGrath and David Arbus; investment funds lawyers Jordan Murray and Joseph Baldwin; and tax lawyer Mark Schwed.

The Kirkland team advising on the purchase and sale included corporate lawyers Melissa Kalka and Emily Lichtenheld; real estate lawyer Andy Small; investment funds lawyers Jordan Murray and Joseph Baldwin; and tax lawyer Mark Schwed.