Lowenstein Sandler on Tuesday announced the formalization of its cross-disciplinary Data Centers & Digital Infrastructure practice. This initiative is designed to meet the complex and rapidly evolving needs of stakeholders building the backbone of the digital economy.
The new practice is co-led by two senior partners:
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Steven Siesser, Chair of the Private Equity group and Managing Partner of the New York office.
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Daniel Suckerman, a partner in the firm’s Real Estate group.
The Data Centers & Digital Infrastructure group leverages the firm’s broad experience in high-growth sectors to offer integrated counsel across the full spectrum of development, structuring, and financing issues. The team advises a diverse client base that includes:
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Data center developers and operators
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Cloud service providers
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Bitcoin mining companies
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Content providers
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Individual and institutional investors
“Our clients are building the backbone of the digital economy,” Siesser said. “Lowenstein’s deep experience advising clients in complex negotiations and sophisticated financing arrangements, particularly in emerging and high growth sectors, enables us to provide integrated counsel across the full spectrum of issues involved in developing and launching not only data centers, but the many ancillary businesses necessary for this ecosystem to thrive.”
The new practice integrates the firm’s strengths in private equity, real estate, debt finance, and fintech, addressing complex issues driven by modern computing demands.
Suckerman highlights the group’s expertise in the physical and commercial aspects of development.
“From acquisition of land and development of data center sites to complex leasing transactions, we understand the intricate commercial and risk considerations that define this asset class,” he noted. He added that the team helps clients navigate market dynamics driven by “high-density compute demands, cloud growth, artificial intelligence (AI) workloads, and power-constrained environments.”
Lowell Citron, chair of Lowenstein’s Debt Finance group, underscored the group’s ability to structure innovative financing solutions, balancing construction schedules, equipment procurement, interconnection risk, and long development timelines.
The team’s formalization follows a year of high-value transactions, underscoring their role in major market activity, including:
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Representing Applied Digital Corporation in numerous high-profile transactions, including three long-term lease agreements with CoreWeave for AI data centers expected to generate roughly $1.1 billion in rental revenue over 15 years, and securing significant financing, including a $2.35 billion senior secured notes offering.
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Representing Qualus Corporation in its $110 million acquisition of John Wood Group plc’s North American Transmission and Distribution engineering business.
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Advising Salute, a global leader in data center services, on its acquisition of Northshore, a sustainability-driven firm utilizing AI and automation to advance data center sustainability.
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Representing Soluna Holdings, Inc. in a $5 million public offering to support green data centers for intensive computing applications like AI and Bitcoin mining.
Siesser believes the firm’s work is particularly critical as the industry matures. “The data center industry is poised to experience a culling of the herd in the future, and those who navigate the landscape effectively now will be best positioned to emerge as leaders,” he stated.
