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BXP Signs Over 200,000 Square Feet Of Leases With Dropbox Decagon And Swinerton In San Francisco

Property Image
LEASED
Drew Houston
Jesse Zhang
DC

California

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Office400,000 SF
Leased 04/15/2026
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Property Image
LEASED

BXP Signs Over 200,000 Square Feet Of Leases With Dropbox Decagon And Swinerton In San Francisco

680 Folsom Street & 50 Hawthorne Street

See Similar Deals
Office400,000 SF
Leased 04/15/2026
Drew Houston
Jesse Zhang
DC
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:400,000 SF
Transaction Type:Lease

The transaction involves a lease agreement for office space located at 680 Folsom Street and 50 Hawthorne Street in the San Francisco market, comprising a total of 200,000 square feet. The property is situated in San Francisco’s South Financial District and reflects the region's ongoing demand for upgraded and transit-oriented office spaces.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 680 Folsom Street & 50 Hawthorne Street
  • Market: San Francisco
  • Landlord: BXP
  • Tenants: Drew Houston - Dropbox, Jesse Zhang - Decagon, David Callis - Swinerton Builders

BXP has successfully signed over 200,000 square feet of leases at these two properties, achieving full occupancy at 50 Hawthorne and significant leasing achievements at 680 Folsom. This lease reflects the trend of tech and AI firms seeking quality office spaces in the area.

Details

LEASED
IMAGE: Drew Houston, Jesse Zhang & David Callis DATE: 04/15/2026 ADDRESS: 680 Folsom Street & 50 Hawthorne Street MARKET: San Francisco ASSET TYPE: Office ~ SF: 200,000 LANDLORD: BXP (@BXP_Inc) TENANT: Drew Houston (@DrewHouston) - Dropbox (@Dropbox); Jesse Zhang - Decagon; David Callis - Swinerton Builders NOTE: BXP signed over 200,000 square feet of leases across 680 Folsom and 50 Hawthorne in San Francisco’s South Financial District, with tenants including Dropbox, Decagon, and Swinerton.The deals, including full occupancy at 50 Hawthorne and major leasing gains at 680 Folsom, reflect continued “flight to quality” demand for upgraded, transit-oriented office space as tech and AI firms expand in San Francisco.

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Deal Type
Effective Rent (Annual)

$22,927,758.62

Total Lease Value

$229,277,586.23

Net Landlord Cash Flow$22,927,758.62