Another former PMI startup tenant has a successful exit.

zendesk

In late 2008,  with SOMA on the dive, we  leased only to start-ups on short term leases with nothing but first round capital in our 410 Townsend building in San Francisco.  Almost every company in the building achieved success.  Zendesk is another one of those original tenants. Zendesk just went IPO on the NYS.  The story the building as a start-up cluster was featured in the Wall Street Journal in 2010.   Congratulations Zendesk.  The article about the IPO is below.

 

Zendesk stock soars 49 percent on first trading day – San Francisco Business Times.

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