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Salesforce West

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Californian high-rise building
Salesforce West
Taken from Salesforce Tower in April 2021
Salesforce West is located in San FranciscoSalesforce WestLocation within San FranciscoShow map of San FranciscoSalesforce West is located in CaliforniaSalesforce WestSalesforce West (California)Show map of CaliforniaSalesforce West is located in the United StatesSalesforce WestSalesforce West (the United States)Show map of the United States
General information
TypeCommercial offices
Location50 Fremont Street
San Francisco, California
Coordinates37°47′26″N 122°23′50″W / 37.790472°N 122.39725°W / 37.790472; -122.39725
Construction started1983
Completed1985
OwnerSalesforce.com
ManagementCushman & Wakefield
Height
Roof183 m (600 ft)
Technical details
Floor count43
Floor area817,412 sq ft (75,940.1 m)
Lifts/elevators21
Design and construction
Architect(s)Skidmore, Owings & Merrill
Structural engineerSkidmore, Owings & Merrill
Other information
Parking220
References

Salesforce West, also known by its address 50 Fremont Center, is a 43-story, 183 m (600 ft) high-rise office building completed in 1985 at Fremont and Mission Streets on the boundary of the financial district and SoMa of San Francisco, California. The stepped-back facade design of the building resembles Eliel Saarinen's Tribune Tower design.

History

50 Fremont Street was developed and owned by Fremont Properties who sold the building in 2000, which was later purchased by Hines Interests Limited Partnership, who in turn sold the property to TIAA-CREF in late 2004. Hines provided property management for this building until February 12, 2015. The building's design, by Skidmore, Owings & Merrill, includes stepped-back vertical bays at each corner, rising to a building crown that evokes the design of historic Art Deco skyscrapers.

In January 2012, Salesforce announced that it signed an 18-year lease to occupy 400,000 square feet (37,000 m) for US$339 million. In November 2014, Salesforce agreed to purchase the tower from TIAA-CREF.

Salesforce completed its purchase of the building for $637.8 million from TIAA-CREF in 2015, according to public records. Salesforce rebranded the property as Salesforce West at 50 Fremont Street, part of their urban campus plan that includes Salesforce East at 350 Mission Street and Salesforce Tower at 415 Mission Street.

As of May 2023, during what the San Francisco Chronicle described as "Downtown San Francisco worst office vacancy crisis on record," 50 Freemont Street had a vacancy rate of 89.9%.

Tenants

See also

References

  1. "Salesforce West". CTBUH Skyscraper Center.
  2. "Emporis building ID 118734". Emporis. Archived from the original on September 18, 2020.{{cite web}}: CS1 maint: unfit URL (link)
  3. "Salesforce West". SkyscraperPage.
  4. Salesforce West at Structurae
  5. ^ Andrew Nelson (2021-09-30). "Number 13: Salesforce West at 50 Fremont Center, SoMa, San Francisco". San Francisco YIMBY. Retrieved 2021-10-02.
  6. "National Office Partners Limited Partnership Sells 12 Assets" (Press release). Hines. February 2, 2005. Archived from the original on November 24, 2010. Retrieved November 13, 2014.
  7. Hoge, Patrick (January 6, 2012). "Salesforce signs huge downtown San Francisco lease". San Francisco Business Times. Retrieved November 13, 2014.
  8. "Form 8-K". Securities and Exchange Commission. November 10, 2014. Retrieved November 13, 2014.
  9. Weinberg, Cory (November 12, 2014). "Salesforce pays $640 million for 50 Fremont tower in San Francisco". San Francisco Business Times. Retrieved November 13, 2014.
  10. Li, Roland; Devulapalli, Sriharsha (2023-05-08). "Downtown S.F. has 18.4 million square feet of empty office space. We mapped every vacancy". San Francisco Chronicle. Retrieved 2023-06-11.
  11. Patrick Hoge (May 7, 2012). "Salesforce takes 80,000 square feet more". San Francisco Business Times. Retrieved 4 May 2013.

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