Tech Firm Moving to TMG Partners and Rockwood Capital's 680 Folsom St. in 2014
Building renovations have started at 680 Folsom St. in San Francisco's south financial district and so has leasing activity. Networking firm Riverbed Technology leased floors two through six totaling 167,788 square feet under a triple net lease with a 10-year initial term.
The building, which is currently undergoing renovations, will serve as Riverbed's global headquarters. The firm expects to occupy the space following consturction completion expected by August 2014.
Pacific Bell formerly owned and occupied the former headquarters facility until 2007. In October 2010, TMG Partners recapitalized the 14-story, 476,000-square-foot office structure with new equity partner Rockwood Capital. The new owners are renovating the building and and an adjacent three -story building at 50 Hawthorne Street to compete with neighboring Class A office properties. Following the renovations and additions, the total amount of rentable space in the combined complex will increase to approximately 522,000 square feet.
Chris Roeder of Jones Lang LaSalle represented the owner, while Riverbed was represented by David Churton also of JLL.