Skip to content
Subscriber Only

Dolby to Purchase San Francisco Tower for $109.8 Million

Dolby Laboratories Inc., the audio-technology company whose products are used in cinemas, recording studios and video games, agreed to buy a 16-story tower in the San Francisco area that’s home to Twitter Inc., and will make the building its new headquarters.

The price was about $109.8 million, Dolby said in a regulatory filing. The company plans to fully occupy the tower at 1275 Market St., according to a statement today from Dolby and San Francisco Mayor Edwin Lee. The building in the Mid-Market neighborhood, where Twitter relocated this month, can accommodate almost 1,000 employees.