Zynga's headquarters at 699 8th St. in San Francisco fetched a whopping $600 million in a sale leaseback deal.
SAN FRANCISCO—Zynga Inc. has entered into sale and leaseback agreements with an affiliate of Boston-based investment firm Beacon Capital Partners LLC for its headquarters building located at 699 8th St. Zynga will lease back space within the building and remain headquartered in San Francisco.
Zynga expects to receive a net cash benefit of approximately $600 million this year, in one of the largest deals in the city's history. In 2012, under Mark Pincus' leadership, Zynga purchased the building for $234 million.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
