Hudson PacificProperties Inc. finalized its acquisition of 11601 Wilshire Blvd. in West Los Angelesfor $311.0 million.
The 500,475-square-foot property, which is Hudson Pacific'sheadquarters, is 83% leased. The company plans to spend capital to growoccupancy at the asset.
It financed the purchase with about $80.0 million in netproceeds from the sale of One Bay Plaza and the repayment of the Broadway TradeCenter note, $150.0 million from a private placement of 3.98% senior guaranteednotes due
Hudson Pacific also said it secured an additional