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Flexential acquires two Hillsboro, OR data center properties totaling 496,000 square feet
ColoradoBiz Staff //May 28, 2026//
Hillsboro 4 data center in Hillsboro, OR. Courtesy of Flexential.
Hillsboro 4 data center in Hillsboro, OR. Courtesy of Flexential.
Flexential acquires two Hillsboro, OR data center properties totaling 496,000 square feet
ColoradoBiz Staff //May 28, 2026//
In Brief:
- Flexential acquires Hillsboro 4 and Hillsboro 5 data centers
- Transaction marks largest real estate deal in company history
- Hillsboro 4 is 138,000 square feet and fully leased
- Hillsboro 5 is 358,000 square feet with 36 megawatts capacity
Flexential has acquired its Hillsboro 4 and Hillsboro 5 data center properties in Hillsboro, OR, marking the largest real estate transaction in the company’s history.
The Denver-based company now owns 496,000 square feet across 20 acres in Hillsboro, about 15 miles west of Portland, including four facilities in what the company said is the nation’s seventh-largest data center market.
“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,” CEO Ryan Mallory said in a statement.
Hillsboro 4, located at 4915 NE Starr Blvd., is a 138,000-square-foot, 18-megawatt multi-tenant data center that is fully leased. Hillsboro 5, at 4975 NE Starr Blvd., is a 358,000-square-foot, 36-megawatt, two-story facility. The company said both facilities support GPU- and CPU-based computing environments and connect to its FlexAnywhere platform.
Flexential also owns several other facilities in the region, including Hillsboro 1, Hillsboro 2 and Hillsboro 3. Hillsboro 2 serves as a termination point for three subsea cable systems.
The acquisition continues Flexential’s strategy of shifting from leased facilities to owned properties. Last year, the company acquired its Douglasville 2 and Norcross facilities in the Atlanta market.
Flexential operates more than 40 data centers across 18 U.S. markets, with more than 360 megawatts of capacity under construction or development. The company plans to open a new facility in Parker later this year and recently purchased land for another data center in Norcross, Georgia.
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