TMG Partners has won awards for many projects
including honors for “Best Mixed Use,”
“Best Office,” and “Best Historic Rehabilitation”.
Zynga employees to relocate to 270,000 square foot space at 699 Eighth Street, a TMG Partners Development
Mayor Gavin Newsom today formally announced that Zynga, one of the world's fastest growing technology companies, has signed a lease to relocate and expand its San Francisco headquarters to 699 Eighth Street. Zynga has signed a seven-year lease to occupy 270,000 square feet in Townsend Center, a 650,000 square foot property owned by TMG Partners. This new leasehold in the Showplace Square neighborhood will include a company café and fitness and wellness center. The new lease will also allow for future growth. Move in will begin in Spring 2011.
Zynga has grown from 398 employees in September 2009 to 1,200 employees in September 2010. In addition, the company has 13 studios around the world including offices in Sunnyvale, Los Gatos, Los Angeles, Austin, Boston, Baltimore, Bangalore, Beijing, Tokyo and Frankfurt.
"Zynga has seen remarkable growth in the last two years, and their decision to continue this growth in San Francisco affirms our City's status as a hub for innovation and gives an enormous boost to our local economy," said Mayor Newsom. "I'm proud of the City's partnership with Zynga to help them continue to flourish and keep and grow jobs in San Francisco."
"As a 15-year San Francisco resident, I value the City's unique ability to attract the combination of top creative and tech talent that enables innovation," said Mark Pincus, founder and CEO. "Our new headquarters will capture our culture of collaboration, creativity and fun. I want to thank the Mayor for being an outstanding partner in making our new headquarters become a reality."
"We are thrilled to welcome Zynga, the worldwide leader in online social gaming and one of the most exciting companies in the Bay Area, to their new home at 699 Eighth Street," said Michael Covarrubias, chairman and CEO of TMG Partners, who purchased 650 Townsend in 2006. "Their tenancy confirms South of Market as the most dynamic spot for new media companies in San Francisco today."
Zynga is the world's largest social game developer. More than 215 million monthly active users play its games. Zynga's games include FarmVille, Treasure Isle, Zynga Poker, Mafia Wars, YoVille, Café World, FishVille, PetVille and FrontierVille. Zynga games are available on Facebook, MySpace and the iPhone. Through Zynga.org, Zynga players have raised more than $3 million for world social causes. Zynga is headquartered in San Francisco. For more information, go to http://www.zynga.com.