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    Jason A. Wasser

    Partner

    New York +1-212-558-4000
    wasserj@sullcrom.com
    Jason A. Wasser Headshot Photo

    New York

    +1-212-558-4000

    |

    wasserj@sullcrom.com

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    Jason Wasser is a partner in Sullivan & Cromwell’s Real Estate Group and a founding member of the Firm’s Digital Infrastructure Practice. He advises developers, institutional investors, technology companies and financial institutions on a broad range of commercial real estate and digital infrastructure matters, including joint ventures, acquisitions, dispositions, financings, development and leasing of commercial real estate and related assets; restructurings and workouts of nonperforming and distressed assets; and real estate and commercial arrangements relating to AI compute and data center infrastructure, including data center development, leasing, colocation agreements and financings.

    Spotlight

    S&C Advises Broadcom on $35 Billion Capital Solution with Apollo and Blackstone to Accelerate AI Compute for Anthropic

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    Experience

    • OpenAI in connection with its $1 billion strategic partnership with SB Energy, a SoftBank Group company, as part of Stargate; its strategic partnership with Cerebras to add 750 MW of ultra-low-latency AI compute to OpenAI’s platform; and related data center, leasing and commercial matters
    • Broadcom in the establishment of the AI XPV Platform, designed to enable more than 20 GW of AI compute capacity; its strategic compute initiates, including its collaboration with Google and Anthropic relating to approximately 3.5 GW of TPU-based AI compute capacity and its transaction with Anthropic for $21 billion of Google Ironwood TPU chips; and related data center and real estate matters
    • NOVVA Data Centers, a portfolio company of CIM Group, in its $500 million term loan facility

    • Goldman Sachs affiliates in real estate developments, joint ventures and related construction financings, including:
      • in partnership with CLX Ventures, the development of several industrial warehouse projects near the Dallas-Fort Worth Airport
      • in partnership with Core Spaces and Landmark Properties, respectively, the development of several student housing projects
      • the acquisition of, and related joint venture and financing work for, more than $2 billion of office, retail, multifamily and student housing properties in partnership with Hines, Lincoln Property Company, TMG Partners, Ballast Investments and Unico Properties
      • the disposition of dozens of office, multifamily and other properties in Austin, Charlotte, Dallas, Denver, Lakewood, Mountain View, Seattle, San Francisco and San Mateo
    • Tishman Speyer in connection with several senior and mezzanine construction and other real estate financings, debt and equity restructurings and related matters
    • Vornado Realty Trust in connection with various acquisition, financing and other transactions, including its:
      • purchase of a $50 million B-Note secured by a Midtown Manhattan property
      • $218 million purchase of the 623 Fifth Avenue office condominium above the flagship Saks Fifth Avenue in New York
      • $141 million purchase of 3 East 54th Street in New York
      • $450 million mortgage loan financing secured by the retail and theater units at 1535 Broadway through its retail joint venture
      • $950 million refinancing secured by 1290 Avenue of the Americas in New York
      • $1.2 billion refinancing secured by the office campus at 555 California Street in San Francisco
    • BP in its $1.3 billion acquisition of TravelCenters of America
    • New York Giants in connection with stadium financing matters and the sale of a minority, non-controlling interest in the Giants to Julia Koch and her family
    • C&S Wholesale Grocers, as part of a consortium of private investors, in the acquisition of Southeastern Grocers and its Winn-Dixie and Harveys Supermarket banners from ALDI U.S.
    • Canada Pension Plan Investment Board in connection with a variety of industrial warehouse and distribution center co-investment acquisitions, developments and leasing transactions
    • GF Investments in its purchase of interests in numerous multifamily projects
    • Pabst in its acquisition of an Irwindale, CA brewery from Molson Coors
    • Pacific Western Bank in its sale of a portfolio of $5.7 billion of construction loans to Kennedy Wilson Holdings and related entities
    • a real estate investment partnership in its $350 million sale of a portfolio of industrial properties in CA, DE, GA, KY, UT, and TX
    • Related Fund Management in various matters, including its formation of a self-storage joint venture and its evaluation of debt investments
    • a state-owned commercial bank in its sale of a $50 million promissory note secured by real property in Oakland, CA
    • Table Properties (Ackman family investments) in its divestiture of an office building in Midtown Manhattan
    • Temasek Holdings in connection with several real estate-related equity and debt investments
    • Alexander’s in its $400 million mortgage loan refinancing secured by the office condominium portion of 731 Lexington Avenue in New York, which serves as Bloomberg LP’s headquarters

    News

    Credentials

    Education

    • Harvard Law School, J.D., 2016
    • Cornell University, B.A., 2011

    Bar Admissions

    • New York

    Related Practices