SAN FRANCISCO-Hines, which is trying to sell two of its buildings at 101 California St. and 100 Montgomery St. in San Francisco, has agreed to purchase the Gap's Old Navy headquarters building at 550 Terry Francois Blvd. from GLL Real Estate Partners for $180 million. GLL purchased the 283,000-square-foot building in 2009 for $136 million from Tishman Speyer.

Hines will pay $636 per square foot for the property situated in San Francisco's Mission Bay. The building is fully leased by Gap. For the full story, go to San Francisco Business Times .

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.