August 2, 2016
Twitch, Amazon’s video game streaming site, reportedly signed a 185,000-square-foot lease in the $62-per-square-foot, triple-net range at 350 Bush St. in San Francisco. Texas-based Lincoln Property Co.’s and China-based Gemdale’s 372,000-square-foot spec-building is slated to be completed next year in the North Financial District.
Twitch, which is also reportedly receiving a $65-per-square-foot TI allowance, is set to take the 2nd through 9th floors of the 19-story building, though it is undetermined if the company will vacate its current space at 225 Bush St. Twitch has grown to more than 100 million monthly unique viewers and was acquired by Amazon in 2014 for $970 million.
The only other larger CRE leases so far this year were Fitbit’s 310,000-square-foot transaction at 215 Fremont St. and Lyft’s 206,000-square-foot deal at 185 Berry St.
CBRE’s Bill Cumbelich represented the landlord, while Newmark Cornish & Carey represented the tenant.
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