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Deals & Dealmakers

Cushman team negotiates San Francisco’s biggest-ever office lease

Cushman & Wakefield announced Vice Chairman Dan Harvey and his team in the firm’s San Francisco office represented salesforce.com, the world’s top CRM platform, in a record-breaking office lease of approximately 714,000s/f at 415 Mission Street.

The transaction, which is the largest office lease in San Francisco history, includes renaming the 1,070-foot tall Cesar Pelli-designed structure Salesforce Tower.

Harvey and his team members, including Tori Hockersmith, Michael Griffiths, John Coons and  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.  Boston Properties/Hines was represented by John Cecconi of CBRE and JD Lumpkin of Cushman & Wakefield.

Salesforce Tower will be the tallest office building in San Francisco
Salesforce Tower will be the tallest  building on the West Coast.

“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.

“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. In addition, salesforce.com’s explosive growth and commitment to The City has helped propel San Francisco into a global superstar business destination and a hub for paradigm-shifting advances in technology driven by the confluence of significant capital investment and exceptional human capital.”

“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.  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.”

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