12/19/2012 03:29 pm ET Updated Dec 20, 2012

Salesforce San Francisco Lease Biggest Of 2012, Includes Plan For First New High Rise Since 2008 (PHOTOS)


Salesforce may have halted its Mission Bay expansion plan earlier this year, but the company clearly still loves San Francisco.

Mayor Lee announced on Tuesday that the software giant has leased approximately 450,000 square feet of office space at 350 Mission Street--the largest lease of 2012.

What's more, Salesforce plans to use the space to construct a 27-story, LEED Platunum office tower, which will be the first new high rise in San Francisco since 2008. The company will break ground on the new building next month.

“’s major expansion downtown proves once again that investor confidence is driving San Francisco’s economic recovery,” said Lee. “This will bring thousands of new jobs and anchor the City’s Transbay District as a leading destination for innovative companies. started in San Francisco, and I want to thank Marc Benioff and for their commitment to grow and add jobs in the City.”

Salesforce has been one of the city's largest employers and strongest investors over the past few years. Along with the 350 Mission building, the company also announced a 100,000-square-foot expansion at its 50 Fremont Street space, where it already leased 400,000 square feet earlier this year.

According to a press release from the Mayor's office, Salesforce will have 1.6 million square feet of office space in San Francisco by 2016.

Take a look at renderings from the building below:

350 Mission Street