Oracle-Occupied Data Center in Oregon Sells for $32M
An Oracle-occupied data center in Oregon has been sold to a new landlord. Commercial real estate firms Five 9s Digital and Romans Properties advised an unnamed institutional client in acquiring the 91,000-square-foot single-tenant data center in Hillsboro, Oregon.
The asset sold for $31.75 million. Oracle is the only tenant in the facility and recently extended its lease. The company also operates a second adjacent facility at 3295 NE 83rd Avenue, reported DCD.
Five 9s Digital offers national data center real estate solutions, brokerage, consulting and development services. Romans Properties is a Charlotte-based full-service brokerage that specializes in data centers and commercial properties.
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Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.