Docusign Headquarters Hits the Market at Reported $250M

An office property in San Francisco’s South Financial District that’s home to software firm Docusign Inc. is hitting the market with one of the highest asking prices seen locally since the pandemic, the San Francisco Business Times reported. The 383,000-square-foot 221 Main St., owned by Pimco Prime Real Estate and managed by Columbia Property Trust, has pricing guidance of around $250 million, sources told the Business Times.

The property is nearly 100% full after Docusign’s recent recommitment and expansion in the building and a round of new leases, the Business Times reported. Docusign grew its presence last fall by nearly half and now occupies approximately 140,000 square feet at the property.

The target sale price works out to roughly $650 per square foot. If realized, that price would be on the higher end of investment sales in San Francisco in recent years, underscoring the growing confidence in the city’s office market.

Pictured: 221 Main St. Docusign recently rebranded from DocuSign.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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