Hudson Pacific Properties, Inc. Announces New 24,646 Square Foot Lease at 83 King Street in Seattle
LOS ANGELES--(BUSINESS WIRE)--Hudson Pacific Properties, Inc. (the “Company”) (NYSE: HPP) today announced it has signed a new lease at its 83 King Street property in Seattle to McGraw-Hill Global Education Holdings, a leading provider of digital learning solutions. This new seven-year lease encompasses the entire fourth floor of the building and totals 24,646 square feet of occupancy. The lease is scheduled to commence in the fourth quarter of 2014.
“McGraw-Hill Global Education Holdings is an excellent addition to our roster of tenants and we are quite pleased with the terms of this lease.”
“I am happy to announce the signing of this new lease with McGraw-Hill Global Education Holdings at 83 King Street,” said Victor J. Coleman, Chairman and Chief Executive Officer of Hudson Pacific Properties, Inc. “McGraw-Hill Global Education Holdings is an excellent addition to our roster of tenants and we are quite pleased with the terms of this lease.”
Located in the richly historic Pioneer Square submarket of Downtown Seattle, 83 King Street is a classic brick and timber building that caters to a diverse mix of technology and media tenants.
About Hudson Pacific Properties
Hudson Pacific Properties, Inc. is a full-service, vertically integrated real estate company focused on owning, operating and acquiring high-quality office properties and state-of-the-art media and entertainment properties in select growth markets primarily in the Pacific Northwest and Northern and Southern California. The Company’s strategic investment program targets high barrier-to-entry, in-fill locations with favorable, long-term supply-demand characteristics in select target markets, including Los Angeles, Orange County, San Diego, San Francisco and Seattle. The Company’s portfolio currently consists of approximately 6.4 million square feet, not including undeveloped land that the Company believes can support an additional 1.9 million square feet. The Company has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Hudson Pacific Properties is a component of the Russell 2000® and the Russell 3000® indices.
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