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Beacon in $600M Sale-Leaseback for Zynga’s San Francisco HQ
Boston-based Beacon Capital Partners, LLC entered into a $600-million sale-leaseback deal with Zynga Inc. for the game maker’s San Francisco HQ building. The interactive entertainment company plans to leaseback roughly 185,000 square feet under a 12-year lease that could be extended up to 22 years.
The deal with an affiliate of Beacon is expected to close next month. Zynga had purchased the 670,000-square-foot building for $234 million in 2012.
“We are proud to operate Zynga’s headquarters from San Francisco, which is home to many of our talented studio and business teams,” said Frank Gibeau, Zynga’s CEO. “Zynga’s building sale delivered a strong return, and we look forward to investing the proceeds into future growth.”
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- ◦Sale/Acquisition
- ◦Lease


