LendingClub buys SF headquarters for $74.5M; expects to occupy in Spring 2026

LendingClub Corp

Property at 88 Kearny St is 233,887 sq ft; purchase price $74.5M cash, funded from balance sheet.
Transaction expected to close within 30 days; bank will occupy 100,000 sq ft starting Spring 2026.
Remaining space to be leased; purchase not expected to materially affect financial performance.
CEO cites competitive bidding win and historically low SF commercial real estate pricing.
Over one-third of LendingClub's 1,000+ employees are based in San Francisco.

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