Flexential announced it has acquired its Hillsboro 4 and Hillsboro 5 data center properties in Hillsboro, Oregon, marking the largest real estate transaction in the company’s history.
The acquisition gives Flexential ownership of 496,000 square feet across 20 acres in Hillsboro, approximately 15 miles west of Portland, strengthening the company’s operational control and investment flexibility in one of the nation’s most competitive data center markets. The company said the move supports its long-term strategy of transitioning from leased facilities to owned infrastructure as demand for enterprise, cloud, and AI workloads continues to grow.
The newly acquired Hillsboro 4 facility, located at 4915 NE Starr Boulevard, is a 138,000-square-foot, 18 MW multi-tenant data center that is fully leased. Hillsboro 5, located at 4975 NE Starr Boulevard, is a 358,000-square-foot, 36 MW two-story multi-tenant data center. Both facilities are designed to support GPU- and CPU-intensive workloads and are connected to Flexential’s FlexAnywhere platform and campus network.
Flexential has operated in Hillsboro for years and already owns several other regional facilities, including Hillsboro 1, a 5.3 MW facility at 3935 NE Aloclek Place, Hillsboro 2, an 18 MW facility that serves as a termination point for multiple subsea cable systems, and Hillsboro 3, a 36 MW facility located near Hillsboro 5. The company also previously announced plans for Hillsboro 6 following an additional property acquisition in the area.
The transaction follows Flexential’s broader infrastructure ownership strategy executed last year, including acquisitions tied to its Atlanta-area footprint. The company currently operates more than 40 data centers across 18 U.S. markets with more than 360 MW of capacity either built or under development.
Flexential also said it plans to open a new data center facility in Parker, Colorado later this year and has recently acquired property for another facility in Norcross, Georgia.
KEY QUOTES:
“This transaction proves to customers that we’re going to be there for the long term and that we will invest in the facility to meet their needs now and into the future. It also reinforces our commitment to Hillsboro and positions us to continue delivering capacity as demand in the region remains high.”
Ryan Mallory, CEO, Flexential
