14 Acre Corporate Campus Planned Over The Next Decade; Provides for Almost 2 Million Square Feet of Space
SAN FRANCISCO (November 01, 2010) – Salesforce.com (NYSE: CRM), the enterprise cloud computing company, today announced the purchase of approximately 14 acres of undeveloped land in the Mission Bay neighborhood of San Francisco from Alexandria Real Estate Equities, Inc. (NYSE: ARE). The company plans to build a facility that will become its new headquarters. The land, which is adjacent to the UCSF campus on one side and the San Francisco Bay on the other, is part of the San Francisco Mission Bay redevelopment area. It is located directly on the San Francisco Muni T line at the UCSF station, and is also directly accessible from the Mariposa Street exit off of 280.
“We are excited to start work on building a new San Francisco global headquarters,” said Marc Benioff, chairman and CEO of salesforce.com. “Our planned, nearly 2 million square-foot campus over 14 acres at Mission Bay will help us continue to attract and retain talented, world-class employees. This new home for salesforce.com will provide an innovative, dynamic environment for our future growth.”
The purchase price for the eight parcels of land, including parking rights in an existing garage and other entitlements and improvements associated with the land, was approximately $278 million. No date for construction has yet been set on the land, which includes the undeveloped portions of Mission Bay lots 26 and 27 and all of Mission Bay lots 29 – 34.
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About salesforce.com
Salesforce.com is the enterprise cloud computing company. Based on salesforce.com’s real-time, multitenant architecture, the company’s platform and CRM applications (http://www.salesforce.com/crm) have revolutionized the way companies collaborate and communicate with their customers, including:
- The Sales Cloud, for sales force automation and contact management
- The Service Cloud, for customer service and support solutions
- Chatter, for social collaboration
- The Force.com platform, for custom application development
- The AppExchange, the world’s leading marketplace for enterprise cloud computing applications
Salesforce.com offers the fastest path to customer success with cloud computing. As of July 31, 2010, salesforce.com manages customer information for approximately 82,400 customers, including Allianz Commercial, Dell, Japan Post, Kaiser Permanente, KONE, and SunTrust Banks.
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“Safe harbor” statement under the Private Securities Litigation Reform Act of 1995: this press release contains forward-looking statements about salesforce.com, including statements regarding future events related to our plans to develop our new global headquarters in San Francisco, California.
The achievement or success of the matters covered by such forward-looking statements involve risks, uncertainties and assumptions, including uncertainties related to the conduct of our business and the development of commercial real estate. If any such risks or uncertainties materialize or if any assumptions prove incorrect, the outcome could differ materially from the plans expressed or implied by such forward-looking statements.
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