{"id":1004639853,"date":"2023-01-18T09:40:26","date_gmt":"2023-01-18T17:40:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004639853"},"modified":"2023-01-18T09:40:29","modified_gmt":"2023-01-18T17:40:29","slug":"crane-data-centers-debuts-in-portland","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/crane-data-centers-debuts-in-portland\/","title":{"rendered":"Crane Data Centers Debuts in Portland"},"content":{"rendered":"
\"\"<\/a>

Rendering of the upcoming Forest Grove data center. Image courtesy of Crane Data Centers<\/p><\/div>\n

A newly formed data center operator will develop its first campus in the growing Portland, Ore., market. Crane Data Centers<\/strong>, in an investment partnership with Principal Asset Management<\/strong>, has announced it will build a 100-megawatt facility in the city of Forest Grove, near the Hillsboro data center ecosystem.<\/p>\n

BMO Capital Markets Corp<\/strong>. and Compo Capital Advisors<\/strong> acted as strategic and financial advisors to Crane.<\/p>\n

\n

READ ALSO:\u00a0<\/strong>Data Center Operators Strive to Catch Up With Demand<\/a><\/p>\n

\n

Crane\u2019s first data center will come online in two phases, with the initial one slated to include a 300,000-square-foot building on a 35-acre site. It will deliver 50 megawatts upon completion, with the possibility to expand to more than 100 megawatts at a future date.<\/p>\n

The data center will have access to multiple fiber paths and recycled water for cooling. The site includes a power substation, which will allow the facility to access renewable energy.<\/p>\n

Crane is also planning to expand in several other U.S. and international markets. The firm is currently engaged in predevelopment processes in Silicon Valley, Los Angeles, Phoenix, Chicago in the U.S., as well as in Tokyo and Osaka, Japan.<\/p>\n

Hillsboro becomes a hotspot<\/h2>\n

One of the reasons why developers like Crane Data Centers are attracted to Hillsboro is the international cable connection, as it is a landing site for four submarine cables, providing users with reduced latency to the Asia-Pacific region. Furthermore, Oregon offers a robust tax incentive program for data center developers.<\/p>\n

In addition, the presence of large technology companies in the area is also one of the main drivers of data center demand. These include Intel<\/strong>,\u00a0Amazon Web Services<\/strong>,\u00a0Google<\/strong>,\u00a0Apple<\/strong>,\u00a0Nvidia Corp. <\/strong>and\u00a0Logitech<\/strong>, among many others.<\/p>\n

Hillsboro witnessed some major data center expansions in 2022. Developments included STACK Infrastructure\u2019s campus growth<\/a> to more than 200 megawatts and Flexential\u2019s 54-megawatt addition<\/a> to its existing campus.<\/p>\n

According to a CBRE <\/strong>report, Hillsboro\u2019s data center market had a 7 percent vacancy rate in the first half of 2022. The surge in demand led to a rush to grab more land in the area, with several providers looking to purchase. At that time, the market’s pipeline totaled 228.8 megawatts, nearly double the existing inventory size of 134.4 megawatts.<\/p>\n","protected":false},"excerpt":{"rendered":"

A 100-megawatt facility will come online in the high-demand market of Hillsboro, Ore. <\/p>\n","protected":false},"author":1284,"featured_media":1004639856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21755,21782,21783,15],"tags":[35564,32789,51827,37405],"class_list":["post-1004639853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-centers","category-development","category-investment","category-west","tag-bmo-capital-markets-corporation","tag-cbre","tag-crane-data-centers","tag-principal-financial-group"],"acf":[],"yoast_head":"\nCrane Data Centers Debuts in Portland<\/title>\n<meta name=\"description\" content=\"Crane Data Centers is planning a 100-megawatt facility in the high-demand market of Hillsboro, with backing from Principal Asset Management.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/crane-data-centers-debuts-in-portland\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crane Data Centers Debuts in Portland\" \/>\n<meta property=\"og:description\" content=\"Crane Data Centers is planning a 100-megawatt facility in the high-demand market of Hillsboro, with backing from Principal Asset Management.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/crane-data-centers-debuts-in-portland\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-18T17:40:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-18T17:40:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/Crane-Data-Centers-Portland-Rendering-e1673969657906.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"783\" \/>\n\t<meta property=\"og:image:height\" content=\"588\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tudor Scolca\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crane-data-centers-debuts-in-portland\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/crane-data-centers-debuts-in-portland\/\",\"name\":\"Crane Data Centers Debuts in Portland\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crane-data-centers-debuts-in-portland\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crane-data-centers-debuts-in-portland\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/Crane-Data-Centers-Portland-Rendering-e1673969657906.jpg\",\"datePublished\":\"2023-01-18T17:40:26+00:00\",\"dateModified\":\"2023-01-18T17:40:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\"},\"description\":\"Crane Data Centers is planning a 100-megawatt facility in the high-demand market of Hillsboro, with backing from Principal Asset Management.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crane-data-centers-debuts-in-portland\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/crane-data-centers-debuts-in-portland\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crane-data-centers-debuts-in-portland\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/Crane-Data-Centers-Portland-Rendering-e1673969657906.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/Crane-Data-Centers-Portland-Rendering-e1673969657906.jpg\",\"width\":783,\"height\":588,\"caption\":\"Crane's upcoming Forest Grove, Ore., facility will comprise 50 megawatts upon completion, with the option to expand to more than 100 megawatts in the future. 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