Salesforce Moves Regional HQ to Indiana’s Tallest Building, Adds 800 Jobs
- May 10, 2016
By Scott Baltic, Contributing Editor
Indianapolis–As part of a significant expansion that will add 800 jobs over the next five years, customer relations management powerhouse Salesforce, of San Francisco, will become the new name tenant at 111 Monument Circle in downtown Indianapolis, Salesforce announced Friday.
The company reportedly will invest more than $40 million over the next 10 years to expand its regional headquarters in Indy, where it already employs well more than 1,000 personnel. 111 Monument Circle, the tallest building in Indiana, will be known as Salesforce Tower Indianapolis and will feature a renovated lobby and dedicated space where visitors can see interactive demonstrations of the Salesforce platform. Salesforce intends to start moving into the tower early next year.
Salesforce did not respond to Commercial Property Executive’s requests for additional information, but from the building’s website and its sales brochure, it appears that between about 159,000 and 189,000 square feet of office space is currently available there. The Indianapolis Star reported that Salesforce will be taking 250,000 square feet in the building.
The 48-story, 905,000-square-foot tower features floorplates of about 18,500 square feet and a 1,008-space parking garage. It was completed in 1990 for what was then Bank One and later became known as Chase Tower, after JP Morgan Chase Bank, the successor to Bank One.
“Salesforce is among Indiana’s largest technology employers, and we’re thrilled to be investing for further growth in the region,” Scott McCorkle, Salesforce Marketing Cloud CEO, said in a prepared statement.
In April 2014, Salesforce made a big splash in the City by the Bay when it signed the largest office lease in San Francisco history, for 30 floors and 714,000 square feet in the 61-story, 1.4-million-square-foot building at 415 Mission St. That tower, which will be the tallest U.S. building west of the Mississippi, is being co-developed by Boston Properties and Hines. The lease made Salesforce the anchor and name tenant of what had originally been known as the Transbay Tower.
Image courtesy of Salesforce