{"id":1004128657,"date":"2015-10-04T22:11:43","date_gmt":"2015-10-05T06:11:43","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=362489"},"modified":"2022-03-04T05:54:40","modified_gmt":"2022-03-04T13:54:40","slug":"hudson-pacific-flips-in-burlingame","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hudson-pacific-flips-in-burlingame\/","title":{"rendered":"Hudson Pacific Flips in Burlingame"},"content":{"rendered":"<p><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p>Asian capital has been flooding into the Silicon Valley market at a steady pace during recent years.  The most recent case in point is the recent acquisition of the Bay Park Plaza office asset in Burlingame by private equity firm <a href=\"https:\/\/www.hqap.com\/\" rel=\"nofollow\">H&amp;Q Asia Pacific<\/a> for a reported price of $90 million.<\/p>\n<p><a href=\"https:\/\/www.hudsonpacificproperties.com\/\" rel=\"nofollow\">Hudson Pacific Properties<\/a> sold the asset in an all-cash transaction. The seller was represented by brokerage <a href=\"https:\/\/www.eastdilsecured.com\/index.htm\" rel=\"nofollow\">Eastdil Secured<\/a>, while <a href=\"https:\/\/www.apr.com\/\" rel=\"nofollow\">Alain Pinel Realtors<\/a> advised the new owner.<\/p>\n<div id=\"attachment_362490\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/10\/Bay-Park-Plaza.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-362490\" title=\"Bay Park Plaza\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/10\/Bay-Park-Plaza.jpg\" alt=\"Bay Park Plaza\" width=\"300\" height=\"200\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Bay Park Plaza<\/p>\n<\/div>\n<p>Bay Park Plaza offers 260,183 square feet of office space and consists of two buildings on a 13-acre waterfront site. Located at 555 Airport Blvd. and 577 Airport Blvd.,  the buildings were purchased by Hudson Pacific from Blackstone earlier this year as part of a portfolio acquisition.<\/p>\n<p>The property is two miles away from the San Francisco International Airport. Virgin America  currently houses its corporate headquarters at .555 Airport Blvd.<\/p>\n<p>\u201cBy selling Bay Park Plaza, we\u2019re disposing of a non-strategic asset at a premium to our original purchase price allocation as part of the Blackstone portfolio,\u201d Hudson Pacific Properties Chairman and CEO, Victor Coleman said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hudson Pacific Properties sells Burlingame office campus to H&amp;Q Asia Pacific.<\/p>\n","protected":false},"author":41,"featured_media":1004507238,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1609],"tags":[682],"class_list":["post-1004128657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-san-francisco","tag-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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