Hudson Pacific completes acquisition of Washington 1000 development site

Hudson Pacific Properties has acquired Washington 1000, a fully entitled, state-of-the-art office development site in Seattle, for $85.6 million before closing adjustments.

Hudson Pacific will commence construction of the office tower immediately with total project costs, including the purchase price, of $340 million to $360 million and anticipated delivery in early 2024. Washington 1000 is centrally located at 1000 Olive Way within the Amazon-anchored Denny Triangle submarket directly adjacent to the $1.9 billion Washington State Convention Center Addition project, which is adding numerous retail amenities and streetscape improvements to the neighborhood. Hudson Pacific’s new 546,000-square-foot, class A tower brings its strategically assembled, premier office portfolio in Denny Triangle to nearly 2 million square feet.

Washington 1000 will be LEED Gold and Fitwel certified, with 100 percent carbon-neutral operations, enhanced HVAC filtration units and antimicrobial