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Entitled Mission Bay Land Sells

SAN FRANCISCO- A six-story, 300,000-sf building is slated for an early 2008 delivery. The waterfront site is located adjacent to Old Navy's new headquarters and South Commons park.

By Brian K. Miller | Updated on August 25, 2006

SAN FRANCISCO-An investment client of Lowe Enterprises Investors has acquired a waterfront site in Mission Bay entitled for a six-story, 300,000-sf office building. The purchase price, the investment client and the seller were not revealed in Lowe’s Friday announcement. Company executives did not immediately respond to a request for comment.

A spokesperson tells GlobeSt.com the company will develop the building on a speculative basis. Lowe expects to have the building ready for occupancy in early 2008 because the site was acquired with the foundations already in place. GVA Whitney Cressman has the leasing assignment.

The approved building has 50,000-sf floor plates, private balconies and an outdoor courtyard with water views. The ground floor of the building has 9,064 sf of retail space. Internal staircases are optional for multi-floor tenants. The building is served by an adjacent parking structure.

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