October 1, 2015 Comments Off on H&Q Asia Pacific Plans Burlingame Tech Hub Views: 580 Bay Area, California News

H&Q Asia Pacific Plans Burlingame Tech Hub

H&Q Asia Pacific recently acquired Bay Park Plaza in Burlingame, a 260,000-square-foot office building on the edge of the San Francisco Bay. The property was purchased from Hudson Pacific Properties for $90 million. The deal is part of H&Q’s efforts to create a tech hub in Burlingame, where the Shanghai-based private-equity firm bought the Burlingame Point development site six months ago.

Bay Park Plaza’s occupancy is at 85 percent. H&Q plans to put $10 million into the asset, and create a “Global Innovation Center” that attracts international tech companies to the property.

Meanwhile, H&Q is in the process of developing the adjacent Burlingame Point with the Genzon Group. That development is slated for about 800,000 square feet of office space.

Read More at Silicon Valley Business Journal

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