Salesforce West

50 Fremont Street was developed and owned by Fremont Properties who sold the building in 2000, which was later purchased by Hines Interests Limited Partnership, who in turn sold the property to TIAA-CREF in late 2004.{{cite press release |url=http://www.hines.com/press/releases/02-02-05.aspx |title=National Office Partners Limited Partnership Sells 12 Assets |date=February 2, 2005 |publisher=Hines |access-date=November 13, 2014 |archive-url=https://web.archive.org/web/20101124023654/http://hines.com/press/releases/02-02-05.aspx |archive-date=November 24, 2010 |url-status=dead |df=mdy-all }} Hines provided property management for this building until February 12, 2015. The building's design, by Skidmore, Owings & Merrill, includes stepped-back vertical bays at each corner, rising to a building crown that evokes the design of historic Art Deco skyscrapers.

In January 2012, Salesforce announced that it signed an 18-year lease to occupy {{convert|400000|sqft}} for {{US$|339}} million.{{cite news |url=http://www.bizjournals.com/sanfrancisco/news/2012/01/06/salesforce-signs-huge-downtown-sf-lease.html?page=all |title=Salesforce signs huge downtown San Francisco lease |first=Patrick |last=Hoge |date=January 6, 2012 |work=San Francisco Business Times |access-date=November 13, 2014}} In November 2014, Salesforce agreed to purchase the tower from TIAA-CREF.{{cite web |url=https://www.sec.gov/Archives/edgar/data/1108524/000110852414000015/form8-k.htm |title=Form 8-K |publisher=Securities and Exchange Commission |date=November 10, 2014 |access-date=November 13, 2014}}{{cite news |url=http://www.bizjournals.com/sanfrancisco/blog/real-estate/2014/11/salesforce-pays-640-million-for-50-fremont-tower.html |title=Salesforce pays $640 million for 50 Fremont tower in San Francisco |first=Cory |last=Weinberg |date=November 12, 2014 |work=San Francisco Business Times |access-date=November 13, 2014}}

Salesforce completed its purchase of the building for $637.8 million from TIAA-CREF in 2015, according to public records. Salesforce rebranded the property as Salesforce West at 50 Fremont Street, part of their urban campus plan that includes Salesforce East at 350 Mission Street and Salesforce Tower at 415 Mission Street.{{Citation needed|date=June 2023}}

As of May 2023, during what the San Francisco Chronicle described as "Downtown San Francisco['s] worst office vacancy crisis on record," 50 Freemont Street had a vacancy rate of 89.9%.{{Cite web |last=Li |first=Roland |last2=Devulapalli |first2=Sriharsha |date=2023-05-08 |title=Downtown S.F. has 18.4 million square feet of empty office space. We mapped every vacancy |url=https://www.sfchronicle.com/sf/article/downtown-empty-offices-business-tech-17911258.php |access-date=2023-06-11 |website=San Francisco Chronicle |language=en-US}}

• Salesforce.com{{cite news | author=Patrick Hoge | url=http://www.bizjournals.com/sanfrancisco/blog/2012/05/salesforce-takes-80000-square-feet-more.html | title=Salesforce takes 80,000 square feet more | work=San Francisco Business Times | date=May 7, 2012 | access-date=4 May 2013}}
• Mellon Capital Management
• Baker Tilly
• City National Bank
• Univision

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Category:Office buildings completed in 1985

Category:Skyscraper office buildings in San Francisco

Category:Hines Interests Limited Partnership

Category:Skidmore, Owings & Merrill buildings

Category:Financial District, San Francisco

Category:South of Market, San Francisco

Category:Leadership in Energy and Environmental Design platinum certified buildings

Category:1985 establishments in California