Salesforce's already massive presence in downtown San Francisco is about to get even bigger with the cloud-computing company's impending purchase of the city's ninth largest office tower, 50 Fremont. Salesforce already held an 18-year lease across more than half of the 43-story Skidmore, Owings & Merrill-designed building. The company moved in back in 2012 with an agreement that gave it the first right of refusal to buy the building if its previous owners, the Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF) decided to sell. At the time, the lease was the largest inked in San Francisco in more than a decade.
The purchase of 50 Fremont comes amid an already huge year for Salesforce in real estate. The highlight, of course, came when the company announced that it would be the anchor tenant of San Francisco's soon-to-be largest building, now dubbed Salesforce Tower. The company also has more than 400,000 square feet at 350 Mission Street, which is currently under construction, and a big chunk of Rincon Center at 101 Spear Street.
· Salesforce Set to Buy 50 Fremont Skyscraper in S.F.'s SoMa District [SF Business Times]
· Salesforce Inks Massive Lease at Future Transbay Tower [Curbed SF]