Moving
PG&E sells San Francisco headquarters for $800 million
SAN FRANCISCO (KGO) – PG&E has agreed to sell its San Francisco headquarters. The utility is selling its two buildings on Market Street for $ 800 million.
The buyer is a Delaware-based partnership called Hines Atlas US.
The sale means PG&E is on the way to gradually relocating its new Oakland headquarters. That should start in the first part of next year.
RELATED: PG&E Leaves San Francisco and Moves to Oakland
The new headquarters are located in the 28-story Kaiser Center skyscraper on Lake Merritt.
PG&E has been headquartered in San Francisco for more than 115 years.
More stories and videos related to PG&E can be found here.
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