Dropbox has done a name for itself as a personality in file pity and cloud storage.
Now it’s holding the lead in a totally opposite area: genuine estate.
The company has concluded to lease 736,000 block feet of bureau space in the Mission Bay area of San Francisco. The understanding is the singular largest bureau lease in the city’s history.
The Exchange is a still-under-construction $570 million four-building formidable that is being developed by Kilroy Realty Corporation. In further to bureau space, the complex will also have 14,000 block feet of sell space which will be leased to other companies.
Dropbox’s franchise will last 15 years, starting at the finish of 2018. The company didn’t contend how much it will compensate to lease the space.
“We’re vehement to partner with Kilroy to create a new home for the flourishing team,” Drew Houston, CEO of Dropbox, pronounced in a statement. “The Exchange is a space that will simulate the artistic enlightenment and enthuse us to continue building good products for the users.”
Dropbox’s stream office, where it changed in Apr 2016, is in San Francisco’s South Beach area — about a 25 notation walk from the new building.
The company’s stream bureau facilities a 5-foot-tall chrome panda statue in the entrance way — rumored to cost around $100,000 — which came to represent a change in the company from a expansive heavenly of Silicon Valley additional to a critical business with an eye on profitability.
A representative for Dropbox declined to contend either or not the panda will pierce to the new office.
Take a peek at what Dropbox’s new building will demeanour like: