Golden Gate University is shedding its college campus buildings in San Francisco’s Financial District.
The university has listed its main campus at 536 Mission Street and a nearby building at 40 Jesse Street, the San Francisco Business Times reported. The price for the properties totaling 260,000 square feet was not undisclosed.
Campus leaders say the nonprofit university will stay in the city, but cited a shift to hybrid and remote learning as the reason for the campus realignment.
“In thinking strategically about the future, we are considering all possible options for GGU’s real estate holdings, including marketing our buildings on Mission and Jesse Streets,” David Fike, president of Golden Gate, told the Business Times in an email.
He said that “if a sale makes sense,” GGU would move to a “more modern, size-appropriate campus in San Francisco.”
GGU’s property listings were in the works prior to the pandemic, according to unidentified sources cited by the Business Times.
The university has occupied its 210,000-square-foot main campus on Mission Street since 1964. The 50,000-square-foot Jesse Street building was given to it in the 1990s.
Eastdil Secured holds the listings for GGU, which does not own any other real estate in the city.
GGU, which traces its roots to evening lectures at the San Francisco YMCA during the California Gold Rush in the 1850s, offers undergraduate and graduate degrees in professional careers such as accounting, taxation, law and business. It has 3,387 students, according to its website.
— Dana Bartholomew
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