Hudson Pacific Properties Buys Rights to Build Seattle Office Building for $86 Million

Hudson Pacific Properties (HPP) said Wednesday that it bought the condominium rights to build an office development adjacent to the Washington State Convention Center Addition in Seattle for $86 million.
The planned office tower will be centrally located in the Denny Triangle neighborhood and will have approximately 526,000 square feet of office space and 12,000 square feet of retail. Total development costs, including the purchase price, is expected in the range of $300 million to $350 million. Construction is expected as early as mid-2021 with delivery for tenant improvements in late 2022, the real estate investment trust said.