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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.

Forward-Looking Statements

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, 2013 filed with the Securities and Exchange Commission on March 3, 2014, and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission.

Contacts

Investors:
Hudson Pacific Properties, Inc.
Mark Lammas, 310-445-5700
Chief Financial Officer
or
Investors / Media:
Addo Communications, Inc.
Lasse Glassen, 310-829-5400
lasseg@addocommunications.com