Zynga Puts San Francisco Headquarters Up For Sale - NBC Bay Area

Zynga Puts San Francisco Headquarters Up For Sale

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    Zynga Puts San Francisco Headquarters Up For Sale
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    Zynga headquarters in San Francisco, California.

    “Farmville” creator Zynga is putting its San Francisco headquarters on the market, the social gaming company confirmed Tuesday.

    Zynga CEO Mark Pincus announced the potential sale in his Q4 quarterly earnings letter on Feb 10, stating that the company plans to explore opportunities to monetize its San Francisco headquarters through a sale and long-term leaseback transaction.

    The company did not comment further on the sale Tuesday.

    The 670,000-square-foot property — easily recognizable in San Francisco’s South of Market district because of Zynga's white bull dog logo — has two addresses: 650 Townsend and 699 8th Street.

    Zynga, which grew from Facebook, paid $228 million in 2012 to buy the property.

    Zynga’s fourth quarter financial results saw an overall decline in audience due to the lack of any significant new releases.

    Founded in 2007, Zynga was hugely popular because of its Facebook games, specifically “Farmville.”

    The company saw a dip in revenue in 2012 when users started moving away from desktop gaming platforms on Facebook to mobile games.

    The company is currently valued at $1.9 billion.

    You can reach Riya @loislane28 or riya.bhattacharjee@nbcuni.com.

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