Hudson Pacific Put the Three-Story, 44,260-Square-Foot Property for Sale
By Zach Armstrong
Hudson Pacific Properties Inc., divested two Los Angeles office properties including ZipRecruiter’s headquarters located at 604 Arizona Ave. about four months after putting the property on the market.
It is not immediately clear who the buyer of the property is. Santa Monica Mirror will follow this story for updates.
In April, Hudson Pacific put the three-story, 44,260-square-foot headquarters of employment marketplace ZipRecruiter for sale amidst an uncertain office market. ZipRecruiter’s lease is set to expire in May 2025. Other recent divestments for Hudson Pacific include the sale of its Skyway Landing property in San Carlos, CA for $102 million in February.
The real estate investment trust said the separate transactions, that also included a property at 3401 Exposition, amounted to gross proceeds of $72.5 million before prorations and closing costs. The transactions will result in around $22 million to be recognized in the third quarter, according to the firm.