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SAN FRANCISCO-Brokers on the recent $41.4 million sale of Blocks 5 and 11 in the Mission Bay district to locally based BRE Properties say that the development sites stand to benefit from commitments from major employers. The Institutional Property Advisors brokerage team of Stan Jones, Phil Saglimbeni and Sal Saglimbeni note that commitments from major employers, including UCSF, Old Navy, Salesforce.com and several biotech companies have spurred explosive growth in the neighborhood.” IPA, which is a Marcus & Millichap company, represented seller FOCIL-MB in the sale to BRE Properties, a San Francisco-based REIT.

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