LOS ANGELES — Hudson Pacific Properties, Inc. (NYSE: HPP) today announced 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.