Approximately $600 million to an affiliate of Beacon Capital Partners.
Approximately $600 million in 2019, representing nearly triple the original purchase price. zynga buys headquarters
Zynga’s real estate history for its San Francisco headquarters at is a notable example of a tech company effectively "playing" the real estate market to fuel its growth. After initially leasing space in the building starting in 2010, Zynga purchased the 670,000-square-foot property in 2012 for $228 million . In May 2019, the company successfully "monetized" this asset by selling it for approximately $600 million to Beacon Capital Partners in a sale-leaseback agreement. Financial Breakdown of the Transaction Approximately $600 million to an affiliate of Beacon
Zynga signed a 12-year lease (with extensions up to 22 years) for 185,000 square feet, significantly reducing its footprint from the full building. After initially leasing space in the building starting
The 2019 sale-leaseback deal provided Zynga with a massive cash infusion while allowing them to maintain their headquarters in the same location. $228 million cash from TMG Partners .
Approximately $600 million to an affiliate of Beacon Capital Partners.
Approximately $600 million in 2019, representing nearly triple the original purchase price.
Zynga’s real estate history for its San Francisco headquarters at is a notable example of a tech company effectively "playing" the real estate market to fuel its growth. After initially leasing space in the building starting in 2010, Zynga purchased the 670,000-square-foot property in 2012 for $228 million . In May 2019, the company successfully "monetized" this asset by selling it for approximately $600 million to Beacon Capital Partners in a sale-leaseback agreement. Financial Breakdown of the Transaction
Zynga signed a 12-year lease (with extensions up to 22 years) for 185,000 square feet, significantly reducing its footprint from the full building.
The 2019 sale-leaseback deal provided Zynga with a massive cash infusion while allowing them to maintain their headquarters in the same location. $228 million cash from TMG Partners .
