LOS ANGELES--(BUSINESS WIRE)-- Hudson Pacific Properties, Inc. (the “Company”) (NYSE:HPP) today announced it has signed new and renewal leases totaling more than 67,000 square feet at its Rincon Center and 222 Kearny Street properties in San Francisco.

Intrax, a 30-year-old company devoted to fostering international understanding through cultural exchange and educational programs, signed a new long-term, 23,683-square-foot lease for space at One Rincon Center, a five-story building at the landmark 580,850-square-foot office and retail complex in San Francisco’s South Financial District.

Kimpton Hotels & Restaurants, a San Francisco-based collection of boutique hotels and chef-driven restaurants, renewed and expanded on its previous lease for a combined 24,164 square feet of office space at 222 Kearny Street, a 148,797-square-foot, two-building property in the city’s North Financial District.

“We are pleased to have these two prominent tenants at Rincon Center and Kearny Street,” said Victor J. Coleman, Chairman and Chief Executive Officer of Hudson Pacific Properties, Inc. “This leasing activity demonstrates our ability to attract and retain sizeable tenants at these well-located, quality properties, which have amenities tailored to San Francisco’s unique mix of office tenants.”

The Company also signed five additional new and renewal leases at Rincon Center and 222 Kearny for more than 19,500 square feet, bringing the total new and renewal square footage at the two properties to more than 67,000 square feet.

About Hudson Pacific Properties

Hudson Pacific Properties, Inc. is a full-service, vertically integrated real estate company focused on owning, operating and acquiring high-quality office properties and state-of-the-art media and entertainment properties in select growth markets primarily in Northern and Southern California. The Company’s strategic investment program targets high barrier-to-entry, in-fill locations with favorable, long-term supply-demand characteristics in select target markets including Los Angeles, Orange County, San Diego, San Francisco, Silicon Valley and the East Bay. Its wholly owned portfolio includes 12 properties totaling approximately 3.4 million square feet, strategically located in many of the Company’s target markets. Upon completion of the Rincon Center acquisition the company’s portfolio will consist of 13 properties totaling 4 million square feet. The Company intends to elect to be taxed and to operate in a manner that will allow it to qualify as a real estate investment trust, or REIT, for federal income tax purposes, commencing with the taxable year ended December 31, 2010. Hudson Pacific Properties is a component of the Russell 2000® and the Russell 3000® indices. For additional information, visit www.hudsonpacificproperties.com.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond the Company’s control, that may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect the Company’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the Company’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in the Company’s final prospectus dated June 23, 2010, and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission.

Source: Hudson Pacific Properties, Inc.

Contact:

Investor Contact:

Hudson Pacific Properties, Inc.

Mark Lammas

Chief Financial Officer

310-445-5700

or

Investor / Media Contact:

Addo Communications, Inc.

Andrew Blazier, 310-829-5400

andrewb@addocommunications.com