Just a few weeks after Gap Inc. let it be known that it wanted to sell the headquarters building of its Athleta brand in San Francisco, Sobrato Organization has agreed to purchase the 171K SF property for close to $80M.
The Mountain View-based developer is paying slightly less than twice as much the $45M Gap paid for the office campus, which is in proximity to San Francisco's famous Embarcadero. The deal translates into roughly $467 per SF.
In January, Gap filed an exploratory letter with the city regarding other potential uses for the office building located at 1 Harrison Street, according to the San Francisco Business Times.
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