Hudson Pacific Properties Closes $24.8 Million Sale of Palo Alto Office Property

MT Newswires Live

2024/12/11

Hudson Pacific Properties (HPP) said Wednesday that it completed the sale of its non-core 3176 Porter office property in Palo Alto for $24.8 million.

Proceeds were used to repay outstanding amounts under Hudson Pacific's unsecured revolving credit facility, the company said,

Hudson Pacific also said that the sale of the Foothill Research Center, another non-core office property in Palo Alto, is expected to close in Q1.

Price: 3.35, Change: -0.06, Percent Change: -1.76

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