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Airbnb’s 287K-SF Zynga Building Lease, San Francisco’s Largest of 2017

Airbnb signed the largest lease so far this year at the Zynga Building in San Francisco. The online vacation rental booking platform plans to take occupancy of 287,000 square feet at 650 Townsend and 699 8th St., beginning in 2018.

The San Francisco-based firm is taking over sublease space from Zynga, which reported the deal this week in its Q2 earnings call. The gaming company is working to resize its footprint in the 670,000-square-foot HQ building, as it continues to look for a buyer. Zynga acquired the property in 2012 for $228 million from San Francisco-based TMG Partners.

The deal boosts Airbnb’s presence in San Francisco’s Showplace Square neighborhood to more than 600,000 square feet, that also includes offices at 999 Brannan St., 888 Brannan St. and 99 Rhode Island St.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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