Salesforce.com Inc. Buys Land for $278 Million

Salesforce.com Inc. has purchased the plot on which it plans to build its new 2 million square-foot corporate headquarters in San Francisco. Around 278 million dollars were spent on the land, which is located about ten minutes south of the present headquarters, in the Financial District of San Francisco. The construction date has not yet been decided.

Salesforce.com is the second major technology company to make a large commercial real-estate deal in the city in a long time. Zynga Game Network Inc., which develops games for social networks like Facebook, rented 270,000 square feet of office space in San Francisco. Salesforce.com Inc. sells subscriptions to internet-hosted business software.

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