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Oct 15 (Reuters) — Hudson Pacific Properties, Inc.: Hudson Pacific Sells North San Jose Office Property Hudson Pacific Properties - Sells Skyport Plaza For $75.50 Million Hudson Pacific Properties - Uses Sale Proceeds To Pay Down Credit Facility To $30 Million Outstanding Source text:... Further company coverage: HPP.N
Hudson Pacific Properties sold Skyport Plaza in North San Jose, California, for $75.5 million before prorations and closing costs. The largely vacant, 419,000-square-foot office property would have required significant capital to lease up. A separate real estate asset sale was tied to the winddown of certain Quixote op
Hudson Pacific Properties sold the 419,000-square-foot Skyport Plaza in North San Jose for $75.5 million and another Quixote-related asset. It used all net proceeds to reduce its unsecured revolving credit facility to a $30.0 million balance.
Hudson Pacific Properties closed the sale of Skyport Plaza, a 419,000-square-foot office property in North San Jose, for $75.5 million before prorations and closing costs.