Hudson Pacific Sells Element LA Office Campus for $150 Million

Reuters12-05 08:00

Hudson Pacific Sells Element LA Office Campus for $150 Million

Hudson Pacific Properties Inc. has sold Element LA, a 284,000-square-foot office campus in West Los Angeles, for $150 million. In addition to the sale, the company received an $81 million payment for terminating the existing lease, bringing total gross proceeds to $231 million. Hudson Pacific used these funds to repay $206 million in CMBS debt tied to the property, with the remainder available for general corporate purposes. The company originally acquired the property for $101 million over a decade ago and redeveloped it into a creative office campus. This transaction is part of Hudson Pacific's strategy to strengthen its balance sheet and reinvest in growth opportunities, particularly in the Bay Area and Seattle.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hudson Pacific Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251204543739) on December 05, 2025, and is solely responsible for the information contained therein.

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