Facebook Signs Lease for 803,000 SF Office Campus Near San Francisco
BURLINGAME, CALIF. — Tech giant Facebook has signed a lease to fully occupy Burlingame Point, an 803,000-square-foot office campus currently under construction in Burlingame.
Located on more than 18 acres at the edge of the San Francisco Bay, Burlingame Point is being developed by Kylli, a subsidiary of China-based Genzon Investment Group Co. The campus is 16 miles south of San Francisco.
Mike Moran and Clarke Funkhouser of Cushman & Wakefield represented Kylli in the transaction. Facebook was represented by JLL.
“We couldn’t be more excited that one of the world’s leading technology firms has selected Burlingame Point to expand its Northern California footprint, says Moran. “This is a testament that strong design elements do make a difference to the discerning tenant.”
In addition to four new Class A office buildings with bay views, the project will include public amenities that include an improved Bay Trail, a pedestrian promenade and an improved roadway for cyclists and motorists.
Facebook first announced the lease was in negotiations in August and the lease was fully executed in the fourth quarter of 2018.
Burlingame Point is expected to open in 2020. The project is the first Class A office campus developed by Kylli in the Bay Area. The firm also owns 225 Bush in San Francisco, the former Standard Oil Building.