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Hudson Unloads Milpitas Assets, Land for $150M

Hudson Pacific Properties divested three office buildings and 35.4 acres of vacant land at Campus Center in Milpitas, CA in a pair of separate deals that traded for nearly $150 million combined. The 65-acre Silicon Valley property already has two- and three-story office and R&D buildings featuring 59,000-square-foot floorplates, new entries and lobbies. The site could be built out into a roughly 1.4-million-square-foot campus.

Embarcadero Capital Partners and PCCP acquired the office buildings at 115, 135 and 155 N. McCarthy Blvd. for roughly $70.3 million. The new owners plan to transform the 471,580 square feet of existing buildings into a modern tech hub.

In a second deal, Bridge Development Partners affiliate, Bridge Point Milpitas, bought the land along McCarthy Boulevard north of State Route 237 for $78.1 million. The site could accommodate up to 950,000 square feet of additional development and is already approved for offices, research space, or industrial buildings, or a mix of those.


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Development
  • ◦Sale/Acquisition
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