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 .
GlobeSt.com reached out to the PR department at Hines, who said the company had filed with the SEC regarding the development. Check back later this month for further details on the project as they emerge.
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