Salesforce announces plans for massive new HQ

The CRM giant adds more than 700,000 square feet of workspace with Salesforce Tower. The building is currently under construction above San Francisco's Transbay Transit Center

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The CRM giant announced Friday plans for a new world headquarters in San Francisco — one that expands the company's workspace by 700,000 square feet and boosts its workforce by an estimated 1,000 employees.

According to Salesforce, the namesake tower and footprint expansion makes the company the largest tech employer in the startup saturated San Francisco area.

Salesforce Tower is currently under construction above the new Transbay Transit Center. Salesforce said it plans to lease more than half of the 1.4 million square-foot building and that its expansive urban campus around the city could exceed 2 million square feet by 2017.

Salesforce Founder, Chairman and CEO Marc Benioff called the new HQ a symbol of his company's commitment to the region:

Salesforce Tower represents an incredible milestone in our company's history — it will be the heart of our global headquarters in San Francisco. We founded in San Francisco 15 years ago and this expansion of our urban campus represents our commitment to growing in the city.

During its last reported Q4 earnings the cloud provider raked in approximately $4.07 billion in revenue, causing the company to raise its fiscal year 2015 revenue guidance by $100 million to reach $5.3 billion.

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