Hudson Pacific Expands Presence at Stanford Research Park
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Stanford Research Park – Page Mill Hill
Palo Alto, Calif.—Hudson Pacific Properties Inc. has acquired a leasehold interest in Page Mill Hill, a five-building office campus totaling 182,676 square feet in Stanford Research Park and Palo Alto, for $150 million, from a joint venture owned by Lionstone Investments and CalSTRS.
“Page Mill Hill is a terrific opportunity to deepen our presence in one of the West Coast’s premier office markets,” Alex Vouvalides, Hudson Pacific Properties CIO, told Commercial Property Executive. “The Silicon Valley office market has been one of the best performing in the nation this cycle, and rents in the Stanford Research Park are second only to New York City. Additionally, the building is currently 100 percent occupied by blue-chip professional services firms, and there is an opportunity to add value to the property.”…
