Hearst Corp. is relocating its newspapers from the Chronicle building at 901 Mission Street to proceed with a 400-unit condo tower next door that will be the second and final phase of the $1B 5M development.
The media company has purchased 450 Sansome Street, a 16-story, 134K square foot office building in the North Financial District, an acquisition that will enable the company to temporarily relocate its San Francisco Chronicle and SFGate newspapers from the iconic, century-old Chronicle building.
The sales price for the acquisition was not disclosed.
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