[BTinSF]

Friday, November 9, 2007
PUC headquarters goes on block for expected $42M
San Francisco Business Times - by J.K. Dineen and Ryan Tate

Owner David Metcalf is putting 1155 Market St. on the block, a 140,000-square-foot Civic Center building that serves as the Public Utility Commission headquarters.

With the PUC set to start construction in March on a new super-green headquarters on Golden Gate Avenue, the Market Street building could be a chance to capture rent increases in 2011 with 140,000 square feet of contiguous space. The building is expected to fetch $300 a square foot, or $42 million. Ed Suharski of Grubb & Ellis has the listing. The PUC will lease back the building after the sale and remain there until the new HOK-designed structure is completed.

"With more than 6 million square feet of office space leased to the federal, state and city governments, the Civic Center is one of the most stable office markets in San Francisco," said Suharski.

Source: http://www.bizjournals.com/sanfranci...wscolumn1.html

Here's the rendering I posted a while ago:


Source: http://www.greenbuild.com/projects/images/sfpuc_rev.jpg