After Blockbuster, Hudson Pacific Launches Satellite Office
- Jul 01, 2015
By Alex Girda, Associate Editor
Following a blockbuster deal that greatly expands its Bay Area footprint, Hudson Pacific Properties has opened an office in Foster City to manage its new assets.
Hudson Pacific’s new location is 22,000 square feet at 950 Tower Lane, a 22-story, Class A office tower and part of the 730,000-square-foot Metro Center complex owned by the company.
The decision to ramp up operations stems from the company’s recent $3.5 billion deal with the Blackstone Group to buy Equity Office Properties’ San Francisco Peninsula and Silicon Valley portfolio, said the company’s chairman & CEO, Victor Coleman, in a statement. Since most of the 26 newly acquired properties and two development parcels are located along the Highway 101 corridor, Foster City offers an attractive location for the new office.
The asset provides an amenity package that includes 2,570 parking spots, free shuttle service to the Hillsdale Caltrain station, as well as proximity to dining and retail. Other noted tenants include QuinStreet, a marketing company, and the global investment banking firm Jefferies.
Of note, the expansion will not affect the firm’s Northern California headquarters, which is located at the Rincon Center in San Francisco’s South Financial District. Hudson Pacific also owns that two-building, 487,000-square-foot complex.
Image courtesy of hudsonpacificproperties.com