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TIAA-CREF’s Fifty Fremont Gets 400,000-SF Tenant

SAN FRANCISCO-According to SalesForce.com’s 8-K statement, the company commits a deal worth approximately $339 million over the 18-year term.

By Natalie Dolce | Updated on January 10, 2012

SAN FRANCISCO-According to a recent 8-K statement, SalesForce.com has committed to 400,000 square feet at Fifty Fremont. The building is a class-A office at 50 Fremont St., owned by TIAA-CREF, here in San Francisco.   

The cost of the lease is approximately $339 million over the 18-year term, including triple net estimated operating expenses, according to the statement. The premises will be delivered, and will expire in phases during the term of the lease, according to the 8-K statement. The first floors will be delivered April 1, 2012, and the last floors will expire on April 30, 2030.

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