Salesforce signals growth with new high-rise lease

In another sign of the cloud-software company’s undaunted growth, Salesforce.com is has signed a lease for 450,000 square feet of office space in San Francisco, laying claim to city’s largest lease transaction for the year.

The new offices will be in a tower planned for 350 Mission St. — just a few blocks from the waterfront in the SOMA neighborhood — that is scheduled to break ground next month in what would be the first new office high-rise development in the city since 2008. The 27-story tower is slated to open in 2015.

Its latest real estate move give Salesforce a huge campus downtown to continue its aggressive growth and accelerate its pursuit of becoming a global leader in cloud innovation.

The company also announced this week a 100,000-square-foot expansion at its Fremont Street office. Salesforce leased 400,000 square feet in that building less than a year ago, according to a statement from the mayor’s office.

Mayor Edwin M. Lee said in the statement that the company’s growth promises to create thousands of new jobs and attract more tech companies to San Francisco.

Heather Somerville Heather Somerville (224 Posts)

Heather Somerville is a business reporter covering venture capital and startups for the Bay Area News Group.