Salesforce.com Inks Largest Office Lease Deal in San Francisco History
Global Cloud Computing Company Signs 714,000-SF Prelease at Former Transbay Tower; 1.4 Million-SF Trophy High-Rise To Deliver in 2017
By Bryce Meyers
Salesforce.com registered the largest office lease in San Francisco’s history after signing a 714,000-square-foot deal on floors 1, 3-30 and 61 at the new Salesforce Tower, the 1.4 million-square-foot, 61-story office building currently under construction in downtown San Francisco.
Boston Properties, along with its co-development partner Hines, will deliver the former Transbay Tower building at 415 Mission St. in the south financial district. The project is expected to cost approximately $1.1 billion – which includes capitalized interest in accordance with GAAP – and is scheduled to deliver in early 2017. Once completed, the 1,070-foot property will be the tallest office building west of Chicago.
“Salesforce Tower represents an incredible milestone in our company’s history – it will be the heart of our global headquarters in San Francisco,” said Marc Benioff, chairman and CEO of salesforce.com. “We founded salesforce.com in San Francisco 15 years ago and this expansion of our urban campus represents our commitment to growing in the city.”
The LEED Platinum pre-certified office building will feature 100% outside air coming into each floor, 10’-0″ tall floor-to-ceiling glass allowing substantial light, 13’-9″ ceilings and column-free interior floor plans allowing for total space planning flexibility. At the top of the property will be a glass and steel crown that is set to transform San Francisco’s skyline.