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Catellus Inks 15-Year Office Lease Deal With National Retailer

SAN FRANCISCO-Gap Inc. agrees to lease a new 283,000-sf building here, validating Catellus Development Corp.'s plan to transform the 303-acre former rail yard into a $4 billion cluster of offices, apartment buildings and retail shops.

By Becky Bergman | Updated on December 04, 2000

SAN FRANCISCO-Gap Inc. is taking 283,000-sf of new space in San Francisco’s Mission Bay district being developed by Catellus Development Corp. The Gap signed a 15-year lease for the building, and will use the six-story structure for the expansion of its headquarters.

The building is part of Catellus’ hallmark development – a $4 billion project – that will include 5 million-sf of office space, more than 6,000 residential units and up to 70,000-sf of retail shops. In addition, the project will also include a 500-room hotel, parks and recreational amenities and the new life sciences research campus for the University of California at San Francisco.

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