EMERYVILLE, CA—The partnership of HarvestProperties and Invesco Real Estate hassigned Yelp to a 102,324 square foot lease at55 Hawthorne Street in San Francisco. The deal isYelp's first lease with Harvest and Invesco. Lease terms were notdisclosed.
Yelp will occupy approximately 74% of the 11-story,138,092 square foot office tower which was built in 1970and features 17,000 square foot floor plates and a five-level, 348stall parking garage. The company also negotiated the right toexpand by another 34,000 square feet by 2018.
"Yelp was founded in San Francisco 10 years ago, and we'recommitted to keeping our home base in the city and continuing tofuel the local economy with jobs and employee spending," saidJohn Lieu, head of facilities at Yelp. "Ourcompany has been fortunate enough to see continued growth, andwe're excited to be opening an additional San Francisco officespace at 55 Hawthorne Street, or 55 as we affectionately call it,located within walking distance of Yelp's existingheadquarters."
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
