FOR IMMEDIATE RELEASE
[Menlo Park, May 20, 2025] – Menlo Equities, a leading private real estate investment firm with a multi-decade history of investing in data centers announced the creation of Menlo Digital, a dedicated, vertically-integrated data center platform. Menlo Digital will be led by three existing Menlo Equities partners, Kevin Kujawski, Michael Johnston and Jane Vaughan, and supported by a dedicated team exclusively supporting its existing portfolio and rapidly expanding development pipeline. Richard Holmstrom, Menlo Equities’ Founder and Menlo Digital’s Executive Chairman, noted, “We are amidst a secular change with the digitization of the economy and the ongoing adoption of cloud and AI technology. While Menlo Equities has been an active investor in the data center space since the late 1990’s, the opportunity in front of us warrants the creation of a platform to exclusively service this fast-growing asset class.”
Since 1998, when Menlo Equities developed its first data center in Santa Clara, the firm has built a portfolio of stabilized data centers and a development pipeline spanning major U.S. data center markets including: Northern Virginia, Silicon Valley, Phoenix, Dallas, Portland, Chicago and Richmond. In addition to its 14 operational facilities, Menlo Digital is executing on a robust development pipeline and market expansion strategy, including:
• 225 MW of capacity across hyperscale campuses in Northern Virginia and Phoenix, delivering in 2026
• 350 MW in development across additional sites in Northern Virginia, Richmond, Silicon Valley and Dallas delivering in 2027 and 2028
• A newly announced partnership with NRG, enabling development of up to 400 MW, with the potential to exceed 1 GW across future phases
With over 30 years in real estate investment experience and 25-plus years in the data center sector, Menlo Digital builds on Menlo Equities’ legacy of executing complex, high-value projects across the U.S. The new platform will focus exclusively on the acquisition, development, and operation of mission-critical digital infrastructure to meet the accelerating demands of hyperscalers, AI platforms, and enterprise users.
In Menlo Digital, Menlo Equities has built a leadership team with executives focused on capital formation, investments, development, operations, sales, and engineering. Menlo Digital is led by a senior management team with an average tenure of over 20 years at Menlo Equities—bringing deep institutional knowledge, trusted industry relationships, and a proven ability to execute at scale:
- Kevin Kujawski, Partner, President and Chief Operating Officer, leads capital markets, operations and financial reporting.
- Michael Johnston, Partner and Chief Investment Officer, leads all aspects of new and existing investments.
- Jane Vaughan, Partner and Chief Development Officer, leads power procurement, entitlements, facility design and development.
- Allison Koo, Senior Vice President, Development & Construction, manages the firm’s development projects from site acquisition to energization.
- Chris Coleman, Senior Vice President, Leasing, manages hyperscale leasing strategy and execution across the firm’s development portfolio.
- TJ Ciccone, Senior Vice President, Chief Technology Officer, manages technical design and infrastructure development and oversees critical facility operations.
The team will work out of its corporate headquarters office in Menlo Park as well as new offices in northern Virginia, Phoenix and Miami.
“With the launch of Menlo Digital, we are deepening our commitment to this asset class and positioning ourselves to deliver best-in-class facilities for a new era of digital growth. With our presence in many of the primary U.S. data center markets and unique ability to procure power at scale, Menlo Digital is well placed to partner with global hyperscalers and large enterprises to meet low latency requirements for continued growth of the public cloud and the inference rollout of AI technologies,” said Kevin Kujawski, President of Menlo Digital,
To learn more, visit menlo-digital.com
