650 Townsend

San Francisco

770,000 sq. ft. Office

650 Townsend

TMG repositions, leases and then sells 650 Townsend to Zynga, Inc for its corporate headquarters

In the fall of 2006, TMG formed a joint venture with Farallon Capital Management to purchase and reposition 650 Townsend, a large floor plate office building in San Francisco’s SOMA district. After completing an extensive rehab of the property which included a new lobby and common area improvements, new elevators and other building system upgrades, TMG secured a 270,000 square foot lease with on-line gaming company Zynga, Inc, who made the building its new headquarters. Less than one year later, after increasing its lease to 436,000 square feet, Zynga purchased the entire building from TMG for $228 million.

Back to top