SAN FRANCISCO—Salesforce has signed anagreement to purchase 50 Fremont St., a 41-story building locatedat the intersection of Fremont and Mission Streets in SanFrancisco's South of Market district. Salesforce is purchasing theproperty from financial services organization TIAA-CREF. learns that the purchase price of the property is$640 million and that the deal is expected to close in the firstquarter of 2016. The tech employer has already hired more than1,100 employees in San Francisco in 2014.

Salesforce currently leases more than 60% of the available spacein the 50 Fremont building, and upon closing of the transaction,Salesforce will have the option to take on additional space in thebuilding as it becomes available. 50 Fremont consists of a 41-storyoffice building and two retail buildings totaling approximately817,000 square feet as well as an adjacent plaza.

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Natalie Dolce

Natalie Dolce, editor-in-chief of and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel,, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including and Museums New York magazine.