By Jon Peterson
San Francisco-based WalkMe has signed a new lease in the city’s Transbay neighborhood totaling 40,312 square feet at an office building located at 71 Stevenson Street, according to a source familiar with the property.
WalkMe did not respond to an email seeking comment for this story. The tenant runs a digital platform focused digital adoption, as stated on its website. The new lease is an expansion for the technology company, according to sources who track the leasing market in San Francisco. The company has its corporate headquarters located at 525 Market Street in San Francisco.
The office building at 71 Stevenson is owned by F1Stevenson, LLC, a private partnership associated with Jeffrey Investment Corporation and Paul Zen, according to public records. This property owner was represented in the transaction by two firms, which were represented by Anton Qiu, a managing partner with Anchor Pacific Capital in San Francisco, and Jean Ko, senior vice president with TRI Commercial. Anchor Pacific declined to comment when contacted for this story. The tenant was represented by Mike Sample and Chip Wiser, both senior managing directors at Newmark Knight Frank.
The new lease with WalkMe involves the space for floors 18, 19 and 20. The 18th floor was a combination of a sublease from Lending Club’s remaining term and a direct extension from the landlord. The space for the 19th and 20th floors was a direct lease from the property owner.
The lease transaction on the space with Lending Club is the third sublease that this company has completed recently at 71 Stevenson. The other two were three floors to Uber for 42,600 square feet and the 2nd and 3rd floors to Interable Inc. for 35,163 square feet.