San Francisco mayor Ed Lee says the professional networking site LinkedIn will expand its presence in the city by anchoring a high-rise office building under construction.

Lee announced on Tuesday that LinkedIn has signed a lease to occupy the entire 26-storey structure scheduled to be completed in the city's South of Market neighbourhood by 2016.

City officials say the nearly 450,000 square feet of office space could accommodate about 2,500 employees.

Terms of the deal were not released.

Mountain View-based LinkedIn Corp currently occupies 135,000 square feet in a downtown San Francisco tower and plans to occupy another 87,000 square feet near downtown.

Earlier this month, Salesforce.com signed a $US560 million ($A599.86 million), 15-year lease to occupy a 61-storey skyscraper in San Francisco that's expected to be the tallest building on the West Coast when it's completed in 2017.

See the article here:
LinkedIn to anchor new Frisco high-rise

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April 23, 2014 at 6:44 am by Mr HomeBuilder
Category: Office Building Construction