SAN FRANCISCO, CA—Salesforce.com, the top CRM platform provider, has inked a record-breaking lease at 415 Mission Street, that will bring about the renaming of the 61-story tower.
Cushman & Wakefield‘s Dan Harvey and team brokered the 714,000 square foot lease, which is said to be the largest office lease in the city’s history.
“Salesforce Tower is a cornerstone in the extraordinary trajectory of San Francisco’s most dynamic company and one of the world’s great technology brands,” said Harvey, vice chairman of C&W. “Salesforce.com has been a leader in harnessing the energy and creative potential of San Francisco to attract top talent and spur innovation. They have also shown an unsurpassed commitment to remaining in the city throughout their evolution. In the process, salesforce.com has redefined what it means to create a thriving corporate campus in a downtown city center.”
The transaction includes renaming the1,070-foot Cesar Pelli-designed structure Salesforce Tower.
Steve Berkman of Paul Hastings LLC represented Salesforce.com in the transaction.
Harvey and his team members, including account director Tori Hockersmith, senior directors Michael Griffiths and John Coons, and account manager Anna Jensen, negotiated the history-making lease in which salesforce.com will occupy floors 1, 3-30 and 61 of the 61-floor tower, currently under construction by Boston Properties and Hines at First and Mission streets in San Francisco. Salesforce Tower will be the tallest building on the West Coast.
“With this lease, San Francisco has cemented its reputation as the global technology center for social, mobile and cloud innovation. The flight to the suburbs has been re-routed,” Harvey added. “Today’s enterprise, both technology and otherwise, wants to be in the city center. Salesforce Tower is an architectural triumph that will redefine the skyline and streetscape for the city of San Francisco. It is the culmination of a lightning in a bottle moment in time and Cushman & Wakefield is incredibly honored and privileged to represent salesforce.com in this historic and monumental transaction.”