is spending almost $700M on HQ expansion

Posted Apr 11, 2014, Inc. (NYSE:CRM) is a cloud software company that is planning to expand its San Francisco headquarters by more than 700,000 square feet by taking a 15.5-year lease on a 61-story office story building that is under construction. is going to lease over half of the building, which will be located at: 415 Mission Street. Part of the HQ will be called Salesforce Tower. made the deal with developer Boston Properties to make $560 million in lease payments over the 15.5 year agreement starting in the first quarter of’s fiscal 2018, according to a filing with the SEC.’s downtown San Francisco presence will be sized at around 2 million square feet by 2017. has been growing its staff at a rapid pace, largely through acquisitions. The company is nearing $5 billion in annual revenues as well. As of January 31st, hit 13,300 workers, compared to 9,800 a year earlier. is adding over 1,000 employees in the Bay Area this year alone.