Kilroy Realty Signs Largest Office Lease In San Francisco's History

A Rendering Of Kilroy Realty's The Exchange, Which Dropbox Leased In Historic Fashion In 2017

Dropbox has just signed the largest Class-A commercial lease ever inked in San Francisco.

The tech company signed a 15-year lease with Kilroy Realty Corp. for the entire 736K SF office at The Exchange on 16th in San Francisco. This mega-lease follows close behind Facebook’s lease at 181 Fremont for the entire 436K SF of office.

The Exchange on 16th, a four-building complex, is under construction in Mission Bay and Dropbox will occupy the office in three phases starting in the fourth quarter of 2018 through the fourth quarter of 2019.

The $570M LEED Platinum office project was designed by Rios Clementi Hale Studios and offers courtyards, light-filled open office space, rooftop gardens and 14K SF of retail.

The Exchange on 16th is next to the 280 Freeway and near Muni’s T–Line. It is accessible to nearby residential neighborhoods, including Potrero Hill, the Mission District and Dogpatch. The Exchange also is within walking distance of the San Francisco Giants, the new Golden State Warriors stadium and other entertainment.

Other companies involved with the project include Flad Architect as architect of record, general contractor Hathaway Dinwiddie and structural engineer Nishkian Menninger. According to the developer’s website, CBRE has been marketing the office space.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

Private Equity Firm Buys Former Texas Instruments Campus For New Headquarters

DFW Office Footprints Likely To Shrink As AI Use Increases And Companies Battle For Talent

Boston Waterfront Property Planned For Hotel Project Put Up For Sale