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PG&E to sell San Francisco headquarters to Hines Atlas US for $800 million

Christian Fernsby |
PG&E Corporation and Pacific Gas and Electric Company (PG&E) announced an agreement to sell the company’s San Francisco headquarters complex, which includes 77 Beale Street and 245 Market Street, to Hines Atlas US for $800 million.

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The company is seeking California Public Utilities Commission (“CPUC”) approval to return the net gain realized on the sale to PG&E customers.

PG&E remains on track for a phased move into its new headquarters at 300 Lakeside Drive in Oakland, beginning in the first half of 2022.

The move is part of PG&E's broader commitment to implement changes for the long-term benefit of its customers and communities.

PG&E expects the move to Oakland to result in substantially lower headquarters costs over a long-term period.

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