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LendingClub Buys San Francisco Offices for Its Headquarters
LendingClub Corporation, the parent company of LendingClub Bank, has agreed to acquire a 233,887-square-foot headquarters property located at 88 Kearny St. in San Francisco for $74.5 million. The seller was Nuveen.
The property, which will serve as the company’s headquarters beginning in spring 2026, leverages the bank’s balance sheet to purchase an asset that has the potential to appreciate in value over time, according to LendingClub. LendingClub plans to occupy 100,000 square feet at 88 Kearny following the expiration of its lease at 595 Market St.
“The expiration of our lease coincided with historically low San Francisco commercial real estate pricing, allowing us to acquire an institutional quality asset at a fraction of pre-pandemic cost with no expected impact to our financial performance and the potential for upside as San Francisco recovers,” said LendingClub CEO Scott Sanborn.
The transaction is subject to customary closing conditions and is expected to close in the second quarter.
- ◦Sale/Acquisition

