By John Canzano, Bald Faced Truth: The tenants have moved out, but the building located at 360 3rd Street in downtown San Francisco continues to be a money pit for the Pac-12 Conference.
Conference members paid more than $92 million in rent to Kilroy Realty over 11 years. That expense became an ongoing source of frustration. But the Pac-12 got 113,000 square feet of prime office space in return.
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