$367M Nets Hudson Pacific Entry Into Seattle Office Market

Law360, New York (July 1, 2013, 2:55 PM EDT) -- Entering Seattle for the first time, California-based Hudson Pacific Properties Inc. has struck a deal to purchase four office properties in the area from private equity firm Spear Street Capital for $367.5 million, according to a Monday statement.

Per the purchase agreement, Hudson Pacific is using a mix of cash, debt and a credit facility to fund the transaction, which is expected to close at the end of the month, Hudson Pacific said. The deal gives the company its first entry into the Pacific Northwest markets....
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