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Cushman & Wakefield Negotiates Largest Office Lease in San Francisco History

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Mr. Harvey and his team members, including Account Director Tori Hockersmith, Senior Directors Michael Griffiths and John Coons, and Account Manager 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.SAN FRANCISCO, CA – April 11, 2014 – Cushman & Wakefield, the world’s largest privately-held commercial real estate services firm, today announced Vice Chairman Dan Harvey and his team of brokerage professionals in the firm’s San Francisco office represented salesforce.com, the world’s #1 CRM platform, in a record-breaking office lease of approximately 714,000 square feet 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.

“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 Mr. 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.”

Cushman & Wakefield is the world’s largest privately‐held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and management assignments. Founded in 1917, it has approximately 250 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has nearly $4 billion in assets under management globally. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge.

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