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May 24, 2018
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Financial Technology Firm Leases 86k sf at San Francisco Office Tower


Affirm agreed to an eight-year lease for 86.2k sf office space in San Francisco. The financial technology firm’s new space is at 650 California Street, a 33-story, 477k sf high-rise in the city’s Financial District owned by Columbia Property Trust Inc.

Photo: Jeff Peters, Vantage Point Photography
Photo: Jeff Peters, Vantage Point Photography
With this latest deal, as well as another 21.9k sf lease to renew and expand one of the building’s existing tenants, Columbia has now completed 199.7k sf of leasing at the property over the past ten months. As a result, the building, which was 65% leased at the end of June 2016, will now be 89% leased.

Affirm will occupy floors eight through twelve of 650 California along with the building annex space. The firm is expected to relocate its headquarters to 650 California from 633 Folsom Street in August, 2017.

This new lease was executed just six weeks after Columbia announced a new lease with WeWork, one of the world’s largest providers of shared office space, to occupy 60.6k sf in the building.

Originally constructed in 1964, the tower underwent a major renovation and remodeling project that was completed in 2013. The building’s unique mid-century architecture is now paired with a clean, modern interior design and a luxury amenities program that has made 650 California appealing to a broad spectrum of office tenants. 650 California was recently named by Architectural Digest as the #2 Breathtaking Office View in a ranking of the top office buildings in the world.

Columbia undertook an additional series of renovations over the past two years, including high-end upgrades of the main lobby and construction of a new café and tenant lounge to foster a more collaborative work environment. Also, a new luxury onsite concierge service is now available exclusively to tenants, along with state-of-the-art fitness and conference centers. The highly-amenitized tower continues to offer specialty transportation features as well, including onsite valet parking, secure bike parking, EV and Scoot-E-Bike® charging stations, and immediate Zipcar® access.

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