Box Inks Deal to Lease Pair of Buildings in Redwood City

The Los Altos-based Box, an online storage firm, has leased 334,000 square feet in downtown Redwood City, according to reports.

Box is renting two buildings in the Peninsula city, the first of which it plans to occupy by next year, with the other in 2017, according to the San Jose Mercury News. The office space is enough to someday house up to 1,700 employees -- enough for a top executive at the commercial realty firm that leased the space to dub Box "the face of Redwood City."

The move to lease space in Redwood City appears to signal more rapid growth at the company. Right now, Box has room for up to 700 workers on El Camino Real. Last year, the company had 250 workers in Los Altos, the newspaper noted.

Box has yet to issue an IPO.

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