Posted by: BayAreaComRE | January 7, 2010

Twitter Adds an Additional Floor at 795 Folsom

Globe Street is reporting that Twitter just signed an expansion at 795 Folsom to take the entire 3rd floor bringing their total footprint in the building to 63,222 RSF. We have direct confirmation that this is accurate.

“Locally based Twitter Inc. is doubling the size of its corporate headquarters here with its second major lease expansion in two months. Twitter’s $3 million, 41-month lease for the entire third floor of the Westcore Properties-owned building at the 187,202-square-foot 795 Folsom St., is in addition to a sublease it signed just last October for the entire sixth floor of the building.”

The expansion seems reasonable given Twitter’s recent announcement of a significant revenue generation model as well as a recent $100 Million D round of funding via big name investors JP Morgan, Benchmark Capital and T. Rowe Price to name a few.

The full story can be found here.

J.K. Dineen of the San Francisco Business Times broke the story on Jan 5th:  Article here



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