Approval of Ground Lease and Lease Back, Laurel Heights, UCSF
Summary
SCH Number
2014128228
Public Agency
University of California
Document Title
Approval of Ground Lease and Lease Back, Laurel Heights, UCSF
Document Type
NOE - Notice of Exemption
Received
Posted
12/19/2014
Document Description
The proposed transaction is the approval of modified Ground Lease terms, materially consistent with the business terms approved by Regents. The basic transaction is 1) a ground lease of the property approximately (10.3 acres) to a private entity; and 2) a space leaseback of the building (362,800 gross square feet) by UCSF for a term of from five to ten years. The proposed space leaseback allows for the ongoing occupancy by UCSF office programs until replacement space is planned and developed at other appropriate campus locations.
Contact Information
Name
Charlotte Strem
Agency Name
University of California
Contact Types
Lead/Public Agency
Phone
Location
Cities
San Francisco
Counties
San Francisco
Notice of Exemption
Exempt Status
Categorical Exemption
Type, Section or Code
15378
Reasons for Exemption
No potential to result in a direct physical change in the environment or reasonably foreseeable indirect physical change in the environment.
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