Stack affiliate SAC III Acquisition to acquire up to 2,990 acres at Southern Virginia Megasite for data center development

Type: Acquisition · Technology: Data Center · Country: United States · Capacity: 299 MW · Value: $737.8M · Announced: 2026-03-12

Stack affiliate SAC III Acquisition will acquire up to 2,990 acres at the Southern Virginia Megasite for multi-gigawatt hyperscale data center development. This strategic land acquisition positions Stack.

Analysis

The acquisition of up to 2,990 acres at the Southern Virginia Megasite by Stack affiliate SAC III Acquisition for $737.8 million USD represents a forward-looking land banking strategy for multi-gigawatt hyperscale data center development. This substantial land parcel in Danville and Pittsylvania County, Virginia, positions Stack Infrastructure to meet anticipated demand from hyperscale and cloud clients, aligning with its core business of providing build-to-suit and colocation solutions. The announced 299 MW initial capacity suggests a phased approach to developing the vast site, allowing for flexible deployment over time. This deal structure, utilizing SAC III Acquisition, an entity with "undisclosed target sector and geography" and limited public operational details, could offer Stack specific strategic or financial advantages in securing such a large-scale asset. The transaction, announced on 2026-03-12, secures a critical resource for future digital infrastructure expansion in a key U.S. market. Stack Infrastructure, as a digital infrastructure company focused on developing and operating data centers for hyperscale and cloud clients, directly benefits from this acquisition by securing a long-term development pipeline. The Danville-Pittsylvania Regional Industrial Facility Authority, established in 2004 by the City of Danville and Pittsylvania County, Virginia, realizes a significant economic development outcome through the $737.8 million USD sale of the 2,990-acre Southern Virginia Megasite. This transaction demonstrates the continued land scarcity and rising costs for large-scale data center development in established U.S. markets like Virginia, compelling developers to pursue expansive land banking strategies. The use of SAC III Acquisition, an entity whose "specific deal size and operational details are not publicly available," indicates a specialized vehicle for these strategic land plays, allowing Stack to execute large-scale acquisitions efficiently. This development stage project, announced on 2026-03-12, further solidifies Virginia's position as a premier location for digital infrastructure investment.

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