LOS ANGELES--(BUSINESS WIRE)-- Hudson Pacific Properties, Inc. (NYSE:HPP) has acquired the five-story, 113,000-square-foot Del Amo Office building in Torrance, Calif. for $27.5 million in an all cash transaction.

“The Del Amo Office property meets our acquisition criteria for well-located, quality suburban office buildings. It has a prime position in an established market, easily accessible from the area’s major thoroughfares with abundant nearby amenities including the Del Amo Fashion Center, one of the largest malls in the United States,” said Howard S. Stern, president, Hudson Pacific Properties.

Located on 2.3 acres at 3501 Sepulveda Blvd., the Del Amo office building is 100 percent leased to Saatchi & Saatchi North America, a leading national advertising agency. The company has been a tenant in the building for more than 20 years. The acquisition includes the 100 percent ownership of the ground sublease for the property.

About Hudson Pacific Properties

Hudson Pacific Properties, Inc. is a full-service, vertically-integrated commercial real estate company. The company's primary areas of focus are the acquisition and ownership of high-quality office properties and state-of-the art media and entertainment properties in select growth markets primarily in Northern and Southern California. Hudson Pacific Properties’ investment strategy is to target high barrier-to-entry, in-fill locations with favorable, long-term supply-demand characteristics. Its portfolio of approximately two million square feet is strategically located in the company’s target markets that include Los Angeles, Orange County, San Diego, San Francisco, Silicon Valley and the East Bay. For additional information visit www.hudsonpacificproperties.com.

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Source: Hudson Pacific Properties, Inc.

Contact:

Investor Contacts:

Hudson Pacific Properties, Inc.

Mark Lammas

Chief Financial Officer

310-445-5700

or

Addo Communications, Inc.

Andrew Blazier, 310-829-5400

andrewb@addocommunications.com

or

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Ashley Greer, 310-473-8090

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