Hudson Pacific sells San Francisco’s 875 and 899 Howard properties for $65.5 million
HPP•Hudson Pacific closed the $65.5 million sale of two downtown San Francisco properties totaling about 284,000 square feet, with net proceeds earmarked for general corporate purposes.
1. Property sale
Hudson Pacific closed the sale of 875 and 899 Howard in downtown San Francisco for $65.5 million. At closing, 875 Howard was 36% occupied and 899 Howard was vacant; the company’s asset sales reached $90.5 million in the third quarter, including its previously announced 2001 Gateway disposition.
