PG&E to sell San Francisco HQ to Hines Atlas US for $800m

PG&E Corporation and Pacific Gas and Electric Company have agreed to sell the firm’s San Francisco headquarters complex, which includes 77 Beale Street and 245 Market Street, to Hines Atlas US LP for $800 million. The company has been headquartered in San Francisco for more than 115 years.

PG&E plans to move to Oakland at the 28-story Kaiser Center in the skyscrapers of Lake Merritt. PG&E also plans to consolidate two other East Bay satellite office locations — 3401 Crow Canyon Road in San Ramon and 1850 Gateway Boulevard in Concord — into the new Oakland headquarters.