Originally posted on Data Center POST
Quantum Loophole, Inc., the visionary company that spawned a global effort to create master planned data center communities, has reached an amicable resolution with TPG Real Estate regarding the management and development of the Quantum Frederick Project, a 2,100-acre data center campus and fiber-optic loop in Frederick County, Maryland.
Under the terms of the resolution, TPG Real Estate will assume full managerial responsibilities for the Quantum Frederick project, reaffirming Catellus Development Corporation’s role as the sole Developer. Moving forward, Catellus will oversee all day-to-day management and execution of the project’s development. The resolution requires Quantum Loophole to step back from active involvement in the project, and all litigation between the companies has been dismissed.
As a result, TGP and Catellus Development are the sole developers of Quantum Frederick, which is part of the Quantum Maryland organization.
The press release issued by Quantum Loophole reiterates that “The matter has been amicably resolved to the satisfaction of both parties, and the parties have and will have no further comment on this matter.”
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