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Hudson Pacific Reports 70K SF of PNW Leasing Activity
Los Angeles-based Hudson Pacific Properties reported in its Q1 financials it has executed several significant leases in Seattle and Vancouver, British Columbia. The Pacific Northwest deals totaled more than 70,000 square feet and involved the GSA-FEMA, Wesgroup Properties and Plantronics.
Hudson Pacific Properties’ Victor Coleman says, “As the COVID-19 pandemic took hold, we finished up a solid first quarter, signing over a quarter million square feet of new and renewal leases with robust GAAP and cash rent growth of 31% and 20%, respectively.”
GSA – FEMA renewed its 28,993-square-foot lease through April 2030 at Northview Center in Lynnwood (pictured).
Wesgroup Properties signed a 24,513-square-foot lease through March 2031 at Bentall Centre in Vancouver, with 15,801 square feet commencing October 2020 and 8,712 commencing December 2020.
Plantronics signed a 17,591-square-foot lease through March 2027 at Bentall Centre in Vancouver.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Lease
