
Howard Hughes Center Upgrades Planned Following $583M Acquisition
Chicago-based Equity Office announced plans to renovate Howard Hughes Center, a 1.3-million-square-foot office center in Westchester, CA. The Blackstone Group acquired the property for $583 million from Hines REIT Inc. as part of a larger $1.16-billion deal involving 20 properties in California and Washington.
Blackstone-owned Equity Office plans to transform the project into a creative, connected campus. Significant upgrades include the additions of:
- Best-in-class amenities
- Innovative, active spaces
- A new pedestrian connectivity to unify the five-building project
- Enhanced, flexible outdoor entertainment areas
- Drought-tolerant landscaping
- Upgraded ‘wired’ lobbies
- Contemporary spec suites
- Customizable floor plans
Equity Office’s Brendan McCracken says, “Equity Office is pleased to announce plans to renovate the Howard Hughes Center, which will result in a new campus for its current tenants and those who will join in the future.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition