{"id":1004800414,"date":"2026-05-28T12:30:11","date_gmt":"2026-05-28T20:30:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004800414"},"modified":"2026-05-28T12:30:13","modified_gmt":"2026-05-28T20:30:13","slug":"flexential-acquires-2-portland-area-data-centers","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/flexential-acquires-2-portland-area-data-centers\/","title":{"rendered":"Flexential Acquires 2 Portland-Area Data Centers"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a18b7e74570d&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004800415\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/flexential-acquires-2-portland-area-data-centers\/1850-west-deer-valley-drive\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/1850-West-Deer-Valley-Drive.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1850 West Deer Valley Drive\" data-image-description=\"&lt;p&gt;Image from YM &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;In Phoenix, Flexential owns and operates a data center at 1850 West Deer Valley Drive. Image courtesy of Yardi Matrix  &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/1850-West-Deer-Valley-Drive.png?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/1850-West-Deer-Valley-Drive.png\" alt=\"Exterior shot of 1850 West Deer Valley Drive in Phoenix\" class=\"wp-image-1004800415\" style=\"width:397px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/1850-West-Deer-Valley-Drive.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/1850-West-Deer-Valley-Drive.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/1850-West-Deer-Valley-Drive.png?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">In Phoenix, Flexential owns and operates a data center at 1850 West Deer Valley Drive. <em>Image courtesy of Yardi Matrix  <\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Flexential has acquired two data center properties in Hillsboro, Ore., marking the largest transaction in the company\u2019s history. The purchase included Hillsboro 4 and Hillsboro 5. T5 Data Centers sold the assets, according to Yardi Matrix.<\/p>\n\n\n\n<p>Together, the two assets add 54 megawatts to the company\u2019s expanding portfolio in the area. Hillsboro 4 totals 138,000 square feet with 18 megawatts while Hillsboro 5 is a two-story, 358,000-square-foot data center with 36 megawatts.<\/p>\n\n\n\n<p>Both multi-tenant facilities are connected to Flexential\u2019s campus network and FlexAnywhere Platform. This brings the company\u2019s owned footprint in Hillsboro to 496,000 square feet.<\/p>\n\n\n\n<p>Flexential, one of the industry&#8217;s one of the <a href=\"https:\/\/www.commercialsearch.com\/news\/builders-of-the-boom-top-10-data-center-developers\/\">top data center developers<\/a>, already owns and operates Hillsboro 1 and Hillsboro 2, while the company operates out of Hillsboro 3. In 2022, the company announced plans to expand the campus with an <a href=\"https:\/\/www.commercialsearch.com\/news\/flexential-to-build-54mw-portland-data-center\/\">additional 54 megawatts<\/a> of capacity through the development of two additional facilities.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/how-significant-is-the-backlash-against-data-centers\/\">How Significant Is the Backlash Against Data Centers?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>In September, the company purchased a separate parcel to develop its <a href=\"https:\/\/www.commercialsearch.com\/news\/flexential-moves-forward-with-portland-area-expansion\/\">sixth data center<\/a>, Hillsboro 6. At full buildout the asset will include a 350,000-square-foot, two-story facility with 27 megawatts of power.<\/p>\n\n\n\n<p>Hillsboro 4 and 5 are located at 4915 NE Starr Blvd. and 4975 NE Starr Blvd., respectively. The location offers access to Route 26 and connects to Portland, Ore., approximately 20 miles away.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-flexential-grows-national-footprint\">Flexential grows national footprint<\/h2>\n\n\n\n<p>While Flexential has established its presence in the Hillsboro-Portland area, the company is active across the nation. Outside of Portland, Flexential operates in 18 other markets including Las Vegas, Philadelphia, Dallas and Jacksonville.<\/p>\n\n\n\n<p>Last May, the company expanded in the Atlanta market with its acquisition of a data center in Norcross, Ga. Flexential was occupying the <a href=\"https:\/\/www.commercialsearch.com\/news\/flexential-completes-atlanta-data-center-purchase\/\">32,740-square-foot property<\/a> before purchasing it from Mapletree Industrial Trust. Flexential also has properties in Alpharetta, Ga., and Douglasville, Ga.<\/p>\n\n\n\n<p>Most recently, the company was looking to secure a <a href=\"https:\/\/www.commercialsearch.com\/news\/flexential-eyes-1-4b-abs-deal-for-data-center-collection\/\">$1.4 billion financing package<\/a> backed by 28 data centers spanning 1.8 million square feet in March. The portfolio includes a mix of owned and leased facilities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With this acquisition, the company owns 496,000 square feet in the Hillsboro area.<\/p>\n","protected":false},"author":3749,"featured_media":1004800415,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21755,21783,21742,28440,15],"tags":[41987],"class_list":["post-1004800414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-centers","category-investment","category-latest","category-portland","category-west","tag-flexential"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Flexential Acquires 2 Portland-Area Data Centers - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Flexential continues its expansion in the Portland market with its acquisition of the Hillsboro 4 and Hillsboro 5 data centers.\" \/>\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\/flexential-acquires-2-portland-area-data-centers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flexential Acquires 2 Portland-Area Data Centers\" \/>\n<meta property=\"og:description\" content=\"Flexential continues its expansion in the Portland market with its acquisition of the Hillsboro 4 and Hillsboro 5 data centers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/flexential-acquires-2-portland-area-data-centers\/\" \/>\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=\"2026-05-28T20:30:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-28T20:30:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/1850-West-Deer-Valley-Drive.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mikayla Sciortino\" \/>\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\/flexential-acquires-2-portland-area-data-centers\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/flexential-acquires-2-portland-area-data-centers\/\",\"name\":\"Flexential Acquires 2 Portland-Area Data Centers - 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She holds a bachelor's degree in psychology.","url":"https:\/\/www.commercialsearch.com\/news\/author\/mikayla-sciortino\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/1850-West-Deer-Valley-Drive.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004800414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3749"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004800414"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004800414\/revisions"}],"predecessor-version":[{"id":1004800429,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004800414\/revisions\/1004800429"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004800415"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004800414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004800414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004800414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}