Hudson Pacific Properties, Inc. (NYSE: HPP) (“Hudson” or the “Company”)
announced today that it has entered into a definitive asset purchase
agreement under which Hudson will acquire Equity Office Properties’ San
Francisco Peninsula and Silicon Valley portfolio (the “EOP Northern
California Portfolio”) from Blackstone Real Estate Partners V and VI
(“Blackstone”) in a stock and cash transaction valued at $3.5 billion,
solidifying Hudson’s position as the leading West Coast office REIT.
for Hudson Pacific Properties to Acquire Equity Office Properties’ San Francisco Peninsula and Silicon Valley Portfolio from Blackstone’s Real Estate Funds for $3.5 Billion in Stock and Cash investment picks