DoorDash, an on-demand delivery service that connects customers with local businesses, has leased 32,785 square feet in San Francisco that will relocate/expand the company’s headquarters from its birthplace in Palo Alto. The company’s new headquarters location in the City’s South Financial District will span several floors throughout the historic Rialto Building at 116 New Montgomery Street. The negotiated lease also includes the exclusive rights to the fully remodeled penthouse, offering expansive views from the private outdoor deck. Acquired by Hines and Invesco in 2013, the nine-story office building has been entirely redeveloped, from the exterior all the way through into the building systems. Jason Burch and Charlie Moore of DTZ’s San Francisco office along with Greg Pickett and Ryan Carr of the firm’s Palo Alto office represented DoorDash in the transaction.
“DoorDash’s relocation to San Francisco adds to the recurring trend of the technology sector migration, from the Peninsula into San Francisco’s South Financial/SoMa submarkets,” said Mr. Burch. “Furthermore, DoorDash joins the roster of companies now located along New Montgomery Street, which has become the San Francisco headquarters for companies including Yelp, Alibaba, TrueCar, Reddit, Wikimedia and Optimizely.”
DoorDash was founded in 2013 in a dorm room at Stanford. Through the DoorDash marketplace, people can purchase goods from local merchants and have them delivered in less than 45 minutes due to its revolutionary logistics technology. DoorDash delivers from several popular restaurants, including California Pizza Kitchen and The Cheesecake Factory. To learn more visit https://www.doordash.com/