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 named Hines Atlas US.

The sale means PG&E is on track for a phased move to its new headquarters in Oakland. That's slated to begin the first part of next year.

RELATED: PG&E is leaving San Francisco, moving to Oakland

Its new headquarters will be at the 28-story Kaiser Center high-rise at Lake Merritt.

PG&E has been headquartered in San Francisco for more than 115 years.

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