Salesforce’s 80,000 SF Lease May Not Be its Last of 2012
- May 18, 2012
When it announced plans for a 14-acre headquarters campus in Mission Bay, a move that followed a 400,000 square-foot lease at 50 Fremont St., Salesforce immediately became the talk of the the local real estate market. But once the software company surprised the city by announcing that it was putting the plans for a new campus on hold, some thought that the company was abandoning its growth plans completely.
Now the saga has taken a new twist. Salesforce has completed a ten-year lease for about 80,000 square feet of space at 600 Townsend St., the San Francisco Business Times reports. Located in San Francisco’s newest tech district, SoMa, the 23-year-old building will house teams from Salesforce’s Desk.com, Do.com and Heroku services.
Salesforce may follow up with other efforts to secure space in the city. The $339 million lease at 50 Fremont includes an option for an additional 100,562 square feet that must be exercised by December 15. Salesforce also has the option of buying the 42-story, 800,000-square foot between Dec. 1, 2017, and Nov. 30, 2018. The company currently leases space at four other locations in San Francisco.
Photo courtesy of city-data.com