Tech

LinkedIn To Lease 26-Story Building In Downtown San Francisco

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SAN FRANCISCO (CBS SF) — The professional networking company LinkedIn has signed a lease for an entire 26-story building under construction in San Francisco.

Mayor Ed Lee and co-CEOs of global property developer Tishman Speyer, Jerry and Rob Speyer, made the announcement Tuesday.

The city’s Office of Economic and Workforce Development estimates that the building, located at 222 Second St., will contain nearly 450,000 square feet of office space that will be able to accommodate approximately 2,500 workers.

“As a national leader in job creation, San Francisco is the perfect home for a company that is connecting people to jobs, and I am pleased that LinkedIn is significantly expanding their presence here,” Mayor Lee said in a statement.

LinkedIn, headquartered in Mountain View, has been steadily increasing its presence in San Francisco. It currently has 135,000 square feet at One Montgomery Tower and will soon be occupying 87,000 square feet at 505 Howard St.

“With this new building, LinkedIn is committed to expanding in San Francisco, giving us even more access to some of the most-talented professionals in the world across a variety of functions, including technology, sales, and operations,” said the company’s head of workplace Jim Morgensen.

The new 222 Second St. building was designed and is being constructed for Leadership in Energy and Environmental Design (LEED) Gold certification and will be ready for occupancy in early 2016.

Along with other on-site amenities, the new building will feature 8,500 square feet of public space.

“Today’s San Francisco office market is thriving, with companies recognizing the many advantages of a state-of-the-art building in a downtown location,” said Tishman Speyer senior managing director Carl Shannon. “This building was planned and designed accordingly, and we think LinkedIn is a perfect fit.”

© Copyright 2014 by CBS San Francisco and Bay City News Service. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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