Salesforce.com’s San Francisco Tower Deal Is Biggest This Year http://bloom.bg/UByy70 via @BloombergNews
Salesforce.com Inc. (CRM) agreed to lease an entire San Francisco building that’s scheduled to break ground next month in what would be the first new office high- rise development in the city since 2008.
The deal comprises about 450,000 square feet at Kilroy Realty Corp.’s planned 350 Mission St. tower in the South of Market neighborhood and is the city’s largest office lease this year, San Francisco Mayor Edwin M. Lee said today in a statement. The building is scheduled to break ground in January, with the company expected to begin occupancy in 2015, the mayor said.
“Salesforce.com’s major expansion downtown proves once again that investor confidence is driving San Francisco’s economic recovery,” Lee said in the statement.