Boston Properties and Hines Celebrate the Opening of Salesforce Tower

Boston Properties, Salesforce Tower, Bay Area, San Frarncisco, Council on Tall Buildings and Urban Habitat, Northern California

SAN FRANCISCO (May 22, 2018) – Boston Properties, the real estate investment trust in partnership with Hines, the global real estate investment, development and management firm will celebrate the official opening of the Salesforce Tower on May 22, 2018. The 1.4 million-square foot, 61-story tower is the tallest office building west of Chicago. The project is co-developed by Boston Properties and Hines, with Boston Properties owning a 95% interest in the project and Hines owning a 5% interest. The architectural team is led by design architect, Pelli Clarke Pelli and Kendall Heaton as the architect of record. The Tower will serve as the center of a 45-acre development that will include residential housing, hotels, retail space and a gondola that will lead to a 5.4-acre public rooftop park. Salesforce, the anchor tenant of the Tower, moved into the building in January 2018.

“Although it is still new to our City, the Salesforce Tower has already become an iconic part of San Francisco,” said Mayor Mark Farrell. “An instantly recognizable presence in our skyline, the building symbolizes the bright future that lies in store for our City. We are fortunate to have such an engaged and responsible corporate partner in Salesforce, and we look forward to celebrating the official opening of this great new building.”

“In just a few short months since we opened our doors, the Salesforce Tower has become emblematic of the beauty and cultural diversity that this city is known for,” said Bob Pester, Executive Vice President of Boston Properties. “We are thrilled by the outpouring of support and excitement for this project from the people of San Francisco and throughout the Bay Area.”

San Francisco Supervisor Jane Kim, who will speak at the opening, said “we’re at a big moment in San Francisco. As we grow, it’s important we do so in a way that ensures all our residents share in the prosperity. I hope we can continue the gold standard set by Boston Properties in their commitment to giving back to the City and its diverse communities and make it a model shared by all the companies that call San Francisco their home.”

“Salesforce Tower is the tallest building Hines has ever developed and is a shining example of our commitment to quality and innovation,” said Hines Senior Managing Director Paul Paradis. “We are proud to offer tenants high ceilings, abundant natural light and the cleanest indoor air quality in the market — in one of the best office buildings in the world.”

The event will also feature performances by Beach Blanket Babylon and the North Beach Brass Band.

About Boston Properties
Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.3 million square feet and consisting of 167 office properties (including eight properties under construction), six residential properties (including four properties under construction), five retail properties and one hotel. Boston Properties is one of the largest public owners and developers of Class A office properties in the United States, concentrated in five markets – Boston, Los Angeles, New York, San Francisco and Washington, DC. For more information about Boston Properties, please visit www.bostonproperties.com.

About Hines
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 201 cities in 24 countries. Hines has approximately $111 billion of assets under management, including $60 billion for which Hines provides fiduciary investment management services, and $51 billion for which Hines provides third-party property-level services. The firm has 108 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,295 properties, totaling over 422 million square feet. The firm’s current property and asset management portfolio includes 506 properties, representing over 210 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.

West Coast Commercial Real Estate News