LOS ANGELES, Jun 30, 2015 (BUSINESS WIRE) –
Hudson Pacific Properties, Inc.
expansion of its Northern California operations with the opening of a
regional office in Foster City to serve its growing real estate
portfolio along the San Francisco Peninsula and in Silicon Valley.
Hudson Pacific Properties will occupy approximately 22,000 square feet
in the 22-story tower of the Metro Center office complex. The Foster
City office will be the focal point for managing the firm’s 26
properties along the Highway 101 corridor, home to many of the nation’s
largest and fastest-growing technology and biotechnology companies. The
firm’s Northern California headquarters will remain in San Francisco.
“Our new Foster City office is perfectly situated to serve Hudson’s
growing operations throughout the San Francisco Peninsula and Silicon
Valley,” said Victor J. Coleman, the company’s Chairman and CEO. “A
fully engaged, strong local team is essential to executing our leasing
and management strategy, which requires significant collaboration with
partners and clients. This approach has worked seamlessly following our
acquisition of the Blackstone portfolio earlier in the year.”
In April 2015, Hudson Pacific Properties significantly expanded its
presence in Northern California with the purchase of Equity Office
Properties’ San Francisco Peninsula and Silicon Valley assets from
Blackstone. The transaction comprised 26 high-quality office complexes
totaling 8.2 million square feet and two development parcels in prime
Bay Area locations.
Throughout the Bay Area, Hudson Pacific Properties now owns and operates
33 office properties, including many landmark buildings, such as Rincon
Center, which continues to serve as its San Francisco headquarters.
Other marquee properties include 1455 Market in San Francisco, Towers at
Shores Center in Redwood Shores, and 3400 Hillview in Palo Alto’s
exclusive Stanford Research Park.
About Hudson Pacific Properties
Hudson Pacific Properties is a vertically integrated real estate company
focused on acquiring, repositioning, developing and operating
high-quality office and state-of-the-art media and entertainment
properties in select West Coast markets. Hudson invests across the
risk-return spectrum, favoring opportunities where it can employ
leasing, capital investment and management expertise to create
additional value. Founded in 2006 as Hudson Capital, the company went
public in 2010, electing to be taxed as a real estate investment trust.
Through the years, Hudson has strategically assembled a portfolio of 53
properties totaling approximately 17.3 million square feet, including
land for development, in high-growth, high-barrier-to-entry submarkets
throughout Northern and Southern California and the Pacific Northwest.
The company is a leading provider of design-forward, next-generation
workspaces for a variety of tenants, with a focus on Fortune 500 and
industry-leading growth companies, many in the technology, media and
entertainment sectors. As a long-term owner, Hudson prioritizes tenant
satisfaction and retention, providing highly customized build-outs and
working proactively to accommodate tenants’ growth. Hudson trades as a
component of the Russell 2000® and the Russell 3000® indices. For more
information visit hudsonpacificproperties.com.
This press release may contain forward-looking statements within the
meaning of the federal securities laws. Forward-looking statements
relate to expectations, beliefs, projections, future plans and
strategies, anticipated events or trends and similar expressions
concerning matters that are not historical facts. In some cases, you can
identify forward-looking statements by the use of forward-looking
terminology such as “may,” “will,” “should,” “expects,” “intends,”
“plans,” “anticipates,” “believes,” “estimates,” “predicts,” or
“potential” or the negative of these words and phrases or similar words
or phrases that are predictions of or indicate future events or trends
and that do not relate solely to historical matters. Forward-looking
statements involve known and unknown risks, uncertainties, assumptions
and contingencies, many of which are beyond the Company’s control that
may cause actual results to differ significantly from those expressed in
any forward-looking statement. All forward-looking statements reflect
the Company’s good faith beliefs, assumptions and expectations, but they
are not guarantees of future performance. Furthermore, the Company
disclaims any obligation to publicly update or revise any
forward-looking statement to reflect changes in underlying assumptions
or factors, of new information, data or methods, future events or other
changes. For a further discussion of these and other factors that could
cause the Company’s future results to differ materially from any
forward-looking statements, see the section entitled “Risk Factors” in
the Company’s Annual Report on Form 10-K for the year ended December 31,
2014 filed with the Securities and Exchange Commission, or SEC, on
March 2, 2015, as amended, and other risks described in documents
subsequently filed by the Company from time to time with the SEC.
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SOURCE: Hudson Pacific Properties, Inc.
Hudson Pacific Properties, Inc.
Director, Investor Relations
Greg Berardi, 415-239-7826
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