Wow, $278 Million! Saleforce.com Buys 14 Acres for New Corporate Campus Global HQ in Mission Bay, San Francisco

[UPDATE: Welcome Salesforcers! I’m just teasing you all, man. Mission Bay was supposed to be About Biotech and the synergy and whatnot. So it would have been nice to have had a Genentech going  large in Mission Bay, but you all are welcome, of course….]

Wow, Salesforce.com must be bullish on San Francisco, based upon today’s big announcement.

“The purchase price for the eight parcels of land, including parking rights in an existing garage and other entitlements and improvements associated with the land, was approximately $278 million. No date for construction has yet been set on the land, which includes the undeveloped portions of Mission Bay lots 26 and 27 and all of Mission Bay lots 29 – 34.

And, bonus, CEO Marc Benioff will be able to visit the Children’s Hospital that he’s building for UCSF right across the street.

Course it would be nicer to have a Genentech in there, but we’ll take what we can get. All the deets, below.

All the deets:

Salesforce.com Purchases Site for New San Francisco Global Headquarters

14 Acre Corporate Campus Planned Over The Next Decade; Provides for Almost 2 Million Square Feet of Space

SAN FRANCISCO, Nov. 1  – Salesforce.com (NYSE: CRM), the enterprise cloud computing company, today announced the purchase of approximately 14 acres of undeveloped land in the Mission Bay neighborhood of San Francisco from Alexandria Real Estate Equities, Inc. (NYSE: ARE). The company plans to build a facility that will become its new headquarters. The land, which is adjacent to the UCSF campus on one side and the San Francisco Bay on the other, is part of the San Francisco Mission Bay redevelopment area. It is located directly on the San Francisco Muni T line at the UCSF station, and is also directly accessible from the Mariposa Street exit off of 280.

“We are excited to start work on building a new San Francisco global headquarters,” said Marc Benioff, chairman and CEO of salesforce.com. “Our planned, nearly 2 million square-foot campus over 14 acres at Mission Bay will help us continue to attract and retain talented, world-class employees. This new home for salesforce.com will provide an innovative, dynamic environment for our future growth.”

The purchase price for the eight parcels of land, including parking rights in an existing garage and other entitlements and improvements associated with the land, was approximately $278 million. No date for construction has yet been set on the land, which includes the undeveloped portions of Mission Bay lots 26 and 27 and all of Mission Bay lots 29 – 34.

And, bonus, a statement from the Mayor’s office, after the jump.


MAYOR NEWSOM ANNOUNCES NEW SALESFORCE.COM GLOBAL HEADQUARTERS IN SAN FRANCISCO
$278M Purchase of 14 Acres in Mission Bay is One of the Largest San Francisco Land Sale Transactions in Years, Providing Enormous Boost to City’s “Innovation Economy”

San Francisco, CA—Mayor Gavin Newsom and salesforce.com today announced that salesforce.com has purchased 14 acres of land in Mission Bay for the company’s global headquarters.   The approximately $278 million deal includes 8 parcels along Third Street that could accommodate nearly 2 million square feet of space when fully built.  The purchase from Alexandria Real Estate Equities is one of the largest San Francisco land sale transactions in years.

“Salesforce.com has made an extraordinary investment in the future of San Francisco that will mean thousands of jobs and anchor our status as a global center for innovative companies,” said Mayor Newsom. “The decision by salesforce.com to build their global headquarters in Mission Bay is a testament to the company’s vision and unwavering commitment to San Francisco.”

“We are excited to start work on building a new San Francisco global headquarters,” said Marc Benioff, Chairman and CEO of salesforce.com. “Our planned nearly 2 million square-foot campus over 14 acres at Mission Bay will help us continue to attract and retain talented, world-class employees. This new home for salesforce.com will provide an innovative, dynamic environment for our future growth.”

“We are proud of our contribution in attracting innovative companies like salesforce.com to Mission Bay,” said Joel Marcus, CEO of Alexandria Real Estate Equities, the seller in the transaction.  “As a developer of state-of-the-art laboratory/office facilities which we pioneered for life science tenants in San Francisco, we see this move bringing us closer to the fulfillment of Mission Bay as a unique intellectual center.”

Mission Bay is a 303-acre Redevelopment Area designed from the ground up as a model for mixed-use, transit oriented and sustainable development.  This purchase represents approximately 45% of the total commercial property in Mission Bay.  To-date, the following has been completed in Mission Bay: 3,126 units of housing, 1.7 million square feet of office and R&D space, 13 acres of parks, $648 million T-Third Muni Metro Line, and over $400 million of roads and infrastructure.  The UCSF Mission Bay Campus occupies 43 acres in Mission Bay. In addition, the $1.5 billion UCSF Medical Center at Mission Bay recently broke ground and will include the UCSF Benioff Children’s Hospital, the UCSF Women’s Specialty Hospital and the UCSF Cancer Hospital.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Comments are closed.