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Cushman & Wakefield negotiates major London office lease and building name change

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Cushman & Wakefield today announced it represented, the world’s #1 CRM platform, on its expanded lease agreement at Heron Tower in the City of London, including the right to have the building name changed to Salesforce Tower.  The deal negotiated by Cushman & Wakefield includes securing a total of 76,679 square feet on floors 26 – 31, making the largest tenant in the building.

The Cushman & Wakefield team leading the transaction included Dan Harvey in San Francisco and Peter Victor in London, along with team members Tori Hockersmith, Michael Griffiths, John Coons, Anna Jensen and James Meikle. 

This is the second time in less than two months that Cushman & Wakefield has been able to negotiate a building name change as part of a new lease.  In April this year, the firm advised on a record-breaking office lease of approximately 714,000 square feet at 415 Mission Street - the largest office lease in San Francisco’s history-which also included renaming the 1,070-foot tall Cesar Pelli-designed structure ‘Salesforce Tower.’

Peter Victor at Cushman & Wakefield said: “Our team is delighted to have been involved in this significant transaction, which demonstrates our client’s commitment to London, one of the world’s leading hubs for technology. is one of the world’s most dynamic, forward-looking companies and we believe that Heron International’s iconic development at 110 Bishopsgate reflects these characteristics.  With this lease, confirms its reputation as the global leader for social, mobile and cloud innovation and an expanded commitment to growth in the EMEA region.”