Salesforce West
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.[5]
| Salesforce West | |
|---|---|
 Taken from Salesforce Tower in April 2021 | |
  Location within San Francisco  Salesforce West (California)  Salesforce West (the United States) | |
| General information | |
| Type | Commercial offices |
| Location | 50 Fremont Street San Francisco, California |
| Coordinates | 37.790472°N 122.39725°W |
| Construction started | 1983 |
| Completed | 1985 |
| Owner | Salesforce.com |
| Management | Cushman & Wakefield |
| Height | |
| Roof | 183 m (600 ft) |
| Technical details | |
| Floor count | 43 |
| Floor area | 817,412 sq ft (75,940.1 m2) |
| Lifts/elevators | 21 |
| Design and construction | |
| Architect(s) | Skidmore, Owings & Merrill |
| Structural engineer | Skidmore, Owings & Merrill |
| Other information | |
| Parking | 220 |
| References | |
| [1][2][3][4] | |
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.[6] 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.[5]
In January 2012, Salesforce announced that it signed an 18-year lease to occupy 400,000 square feet (37,000 m2) for US$339 million.[7] In November 2014, Salesforce agreed to purchase the tower from TIAA-CREF.[8][9]
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['s] worst office vacancy crisis on record," 50 Freemont Street had a vacancy rate of 89.9%.[10]
Tenants
References
- "Salesforce West". CTBUH Skyscraper Center.
- "Emporis building ID 118734". Emporis. Archived from the original on September 18, 2020.
- "Salesforce West". SkyscraperPage.
- Salesforce West at Structurae
- Andrew Nelson (2021-09-30). "Number 13: Salesforce West at 50 Fremont Center, SoMa, San Francisco". San Francisco YIMBY. Retrieved 2021-10-02.
- "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.
- Hoge, Patrick (January 6, 2012). "Salesforce signs huge downtown San Francisco lease". San Francisco Business Times. Retrieved November 13, 2014.
- "Form 8-K". Securities and Exchange Commission. November 10, 2014. Retrieved November 13, 2014.
- Weinberg, Cory (November 12, 2014). "Salesforce pays $640 million for 50 Fremont tower in San Francisco". San Francisco Business Times. Retrieved November 13, 2014.
- 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.
- Patrick Hoge (May 7, 2012). "Salesforce takes 80,000 square feet more". San Francisco Business Times. Retrieved 4 May 2013.
