Hudson Pacific and CPPIB buy Seattle office property

Mon Oct 10, 2016 9:47am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Oct 10 (Reuters) - A joint venture of Hudson Pacific Properties Inc and Canada Pension Plan Investment Board said it acquired an office tower in Seattle for about $180 million.

CPPIB and Hudson Pacific will own 45 pct and 55 pct interests, respectively, in the property which has HBO and Redfin as tenants.

The joint venture closed a 10-year, secured loan worth $101 million from a prominent institutional lender.

(Reporting by John Benny in Bengaluru; Editing by Martina D'Couto)