Global flexible workspace provider Mindspace has expanded its footprint in San Francisco with a new 54,000-square-foot lease at Two Transamerica Plaza, part of the Transamerica complex at 505 Sansome St. The agreement establishes Mindspace’s second location in the city and represents its largest outpost in the United States.
The new lease significantly increases Mindspace’s presence in the local market, nearly tripling its existing San Francisco footprint. With this transaction, Mindspace becomes the largest tenant at Two Transamerica Plaza, further embedding the brand within one of the city’s most recognizable commercial environments.
The lease was executed with YODA PLC, a Cyprus-based real estate investment and development company that recently acquired the Transamerica complex. The Mindspace deal stands out as one of YODA PLC’s first major leasing transactions following the acquisition, signaling early progress in backfilling and repositioning space at the property under its new ownership.
Mindspace plans to establish its West Coast flagship at the Transamerica complex under the terms of the new lease. The company positions the location as a premium workspace hub within San Francisco’s central business environment, aligning with its broader strategy of serving companies that prioritize high-quality, flexible office options.
Commenting on the transaction, Mark Goldfinger, managing director of Mindspace North America, described San Francisco as one of the world’s leading innovation hubs and noted that the company is observing increased demand from organizations seeking premium workplaces that support talent attraction and encourage employees to return to in-person collaboration. He framed the opening of Mindspace’s West Coast flagship at the Transamerica complex as a vote of confidence in the long-term prospects of the city.
The lease underscores continued activity in San Francisco’s office sector from flexible workspace operators, even as the broader office market continues to evolve. For the Transamerica complex, the deal brings a large, brand-name tenant into a prominent downtown asset under new ownership, while for Mindspace it marks a scale-up of its U.S. platform and a deeper commitment to the San Francisco market.
