Sun Microsystems Nabs 500,000 SF in New Financial District Development

SAN FRANCISCO-Palo Alto-based Sun Microsystems, Inc. is taking the space in the 1.2-million-sf Foundry Square development under construction in downtown San Francisco. The developer is Wilson/Equity Office, which has developed more than 8,000,000-sf of class-A office space in the Bay Area. The aggregate value of the Sun lease is said to be $500 million.

If Sun leases space in all four buildings, its lease would total 885,000 sf, surpassing the 665,000-sf transaction by Chase H&Q earlier this year, according to a Wilson/Equity report, making it one of the largest deals in San Francisco history. The computer manufacturing giant has 45 days to decide whether it wants the extra space.