PG&E Acquires 29-Story HQ In Oakland From TMG Partners For $900M

PG&E has acquired its 29-story headquarters in Oakland for nearly $900 million. The purchase of the 910,000-square-foot office building located at 300 Lakeside Drive is expected to close this month. This transaction marks PG&E's move from its previous location in San Francisco, solidifying its presence in Oakland's market.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $900,000,000 (Approx.)
• Square Footage: 910,000
• Price per Square Foot: $989
• Address: 300 Lakeside Drive
• Market: Oakland

In this deal, PG&E, represented by Patricia Poppe, acted as the buyer. TMG Partners was the seller of the property. The sale price of $900 million highlights the significance of this transaction, further reinforcing PG&E's commitment to Oakland as it establishes its new headquarters at 300 Lakeside Drive.