Hudson Pacific Sells North San Jose Office Property
Business Wire•15/10/2026•18:25 ET
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Key Highlights
- ➤Skyport Plaza sold for $75.5 million before prorations and closing costs
- ➤2026 dispositions now total nearly $190 million across five sales transactions
- ➤Net proceeds will repay revolving credit facility, leaving $30.0 million outstanding
- ➤419,000-square-foot North San Jose office property was largely vacant
Expert Statements
Victor Coleman, Chairman and CEO of Hudson Pacific
“The monetization of Skyport Plaza, a largely vacant asset that would have required significant capital to lease up, adds to our liquidity and provides greater financial flexibility to fund leasing at our higher-potential properties and support ongoing operations.”
Victor Coleman, Chairman and CEO of Hudson Pacific
“We have now successfully closed five sales transactions this year, bringing gross proceeds from dispositions to nearly $190 million.”
Sale Brings 2026 Dispositions to Nearly $190 Million, Enhancing Liquidity and Supporting Capital Recycling Strategy
Hudson Pacific Properties, Inc. (NYSE: HPP) announced today that it has closed on the sale of Skyport Plaza, a 419,000-square-foot office property in North San Jose, California, for $75.5 million before prorations and closing costs.
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