Online customer relations management firm Salesforce.com has inked more than 100,000 square feet of renewal and expansion leases in downtown San Francisco.
The firm has renewed 35,000 square feet and expanded by 37,692 square feet in the 42-story Spear Street Tower at One Market Plaza. Occupancy of the expansion space is expected in January. The tower is owned by a joint venture of Morgan Stanley and Paramount Group.
Salesforce.com also took 31,910 square feet on the 14th and 15th floors of 1 California St., the 32-story tower owned by Shorenstein Co. The firm will occupy the space in January and has an option to lease two additional floors in 2009.
Once Salesforce.com absorbs all its new space, it will occupy a total of 300,000 square feet in San Francisco, allowing plenty of room to expand over the next several years.
Wes Powell, Christopher Roeder and Theodore Davies of Jones Lang LaSalle in San Francisco represented ownership at One Market Plaza. Dan Harvey and James McPhee of Cushman & Wakefield in San Jose represented Salesforce.com in the leases.