Approval of Ground Lease and Lease Back, Laurel Heights, UCSF

Summary

SCH Number
2014128228
Lead Agency
University of California
Document Title
Approval of Ground Lease and Lease Back, Laurel Heights, UCSF
Document Type
NOE - Notice of Exemption
Received

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
Charlotte Strem
University of California
1111 Franklin Street, 6th Floor
Oakland, CA 94607-5200

510 987-0113

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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