Mark Gedymin, our in-house surfer, took TRI to the waves this year. The Pedro Point Surf Club event benefits worthy causes like Ride A Wave, The Surfrider Foundation, and the Pacifica Beach Coalition. It had an excellent turn out and unusually not-foggy skies–what better way to spend a seaside day then to be #BuildingGreatRelationships?
Andrew Rebennack at 301 8th Street, San Francisco:
TRI Commercial was presented as the Gold Award Winner of CORFAC International‘s Fifth Annual Standards of Excellence Awards at the Fall Summit in Denver, CO.
Recognizing a company’s leadership, participation, referrals, industry awards, CORFAC branding, and reporting, we at TRI are honored, humbled, and excited to continue embodying these valuable attributes! Thank you for your acknowledgement and support!
https://lnkd.in/gF6F8xh
Erik Reese is no ordinary restaurant and retail real estate adviser. In fact, restaurants are kind of his super power. He comes to the table (no pun intended) with an impressive set of credentials including receiving his BSBA in Hospitality Management at the University of Denver, and graduating at the top of his class from Le Cordon Bleu Paris. From there, he went on to hone his skills at Le Taillevent, famed for being the only restaurant to twice rank #1 in the world.
When he moved to the Bay Area, Erik turned to the business side, parlaying his considerable talents into a 20-year career creating, designing, and opening restaurants, including Asqew Grill, BurgerMeister, Cream, and Fleur de Lys (Las Vegas).
(Shown above: Watercolor Rendering, Parliament, Oakland, 2014)
Over the years, Erik built great relationships with leading Bay Area hospitality companies like Restaurant Design Concepts and MCG Inc. Today, his network of restaurateurs, consultants and contractors keeps Erik on top of all the latest industry news.
“I’ve always had a passion for restaurants. It takes something special to ride this roller coaster and be successful. Over the years, I’ve worked with so many talented creative people in the industry and it’s great to be able to share that knowledge and experience with my clients, to help feed their success.”
Erik’s “Ingredients” for a Great Restaurant Site (plus a couple of Showstoppers)
- Smart Kitchen layout – How well does it flow? Is it a 2-person line or a 5-person line?
- Good Ventilation – Is there make up air? (Drawing from the outside, not just recycling,) Where does it come from and where is it blowing?
- The Building has “good bones” – Everything is up-to-code including ADA, fire and building requirements.
- Tested and Fully-functioning Plumbing and Electrical Systems
Here’s a couple of Bucket List items, just for good measure:
- Wood-burning Stove
- Handmade Wooden Bar
(Shown above: Completed Restaurant, Parliament, Oakland, 2014)
Looking for more information on restaurant real estate? Email Erik.Reese@tricommercial.com or call (415) 268-2200. To learn more about TRI Commercial/CORFAC International, check out our web site at www.tricommercial.com .
Building Great Relationships with Collaboration
Commercial real estate negotiation can be adversarial, even among parties on the same side of the deal. Experienced professionals like TRI agents Scott Vix and Gary Cohen use collaboration to turn the tables on conflict. Recently, they had a chance to demonstrate the power of cooperation and compromise.
For more than 10 years, Scott and Gary have had a successful relationship with a client who shared ownership of multiple SOMA properties with a group of family members (a total of nine entities). Several months ago, the family decided to sell one of the buildings, with separate ownership groups wanting their own agent-representative involved in the process.
The situation spiraled into a stalemate, a common issue with family-owned property, and it could easily have derailed the $1.68M sale. To break the deadlock, Scott and Gary volunteered to team up with another agent and share the listing.
“At the end of the day, it’s all about doing what’s best for your client,” they noted.
In the end the property closed to the satisfaction of all parties because the brokers put family considerations before their own.
In a world of 24/7 connectivity and a glut of available high-tech tools and toys, TRI Senior Vice President Scott Vix just proved the enduring value of patience and persistence. Five years’ worth of these virtues, to be exact. Scott is an office and industrial adviser who worked with Hernandez Engineering starting in 2012 to find a location for their sizable San Francisco equipment storage yard.
The San Francisco land/industrial market is tight and finding a large undeveloped lot in the City was a challenge. “There’s not a lot of raw vacant land left in San Francisco and competition is fierce, but I was determined to get my client the space they needed,” he noted.
Just last month, Hernandez finally acquired the perfect 19,728-sf lot in Bayview for $1.55M. The property was formerly a rail spur, where train cars could be loaded and unloaded without disrupting traffic on the main line.
Henry specializes in Investment properties, including apartments, industrial, commercial and mixed-use developments. Henry has been associated with TRI Commercial since 1995 and has successfully completed sale and lease transactions in the greater Bay Area, and more particularly in the South of Market and Northern Peninsula areas. Henry is a member of the San Francisco Board of Realtors, the California Association of Realtors, and the National Association of Realtors.
By Lisa Brown | Reporter for Globest.com
SAN FRANCISCO—A trifecta of transactions that were all associated with a single Mission District property were marketed and closed by TRI Commercial/CORFAC International, according to president Tom Martindale, SIOR. The buyer of the building located at 2650 18th St. was Chai LP, a multi-generational, family-owned real estate investor based in San Francisco.
In the initial transaction, Jason James, senior adviser at TRI, marketed and subsequently sold the two-story, 34,400-square-foot, production/distribution/repair (PDR) zoned industrial building with 42 below-grade parking spaces. He represented the seller, 2650 18th Street LLC, in the $14.25 million deal, where the property was occupied by Weston Wear. James subsequently represented Weston Wear in its relocation to 389 Oyster Point Blvd. in South San Francisco, where it now occupies approximately 12,000 square feet.
While the Mission property was in escrow, James also leased the entire building to Zesty, a catering company that delivers, sets up and serves healthy restaurant-made meals to businesses throughout San Francisco. The company plans to take occupancy of its new space soon. Zesty was founded in 2013 and is backed by numerous Silicon Valley investors and venture funds. KQED,Heath Ceramics and HTC (designer of Android phones) are located across the street from the future Zesty headquarters.
James tells GlobeSt.com: “The active sale environment and the demand for such limited blocks of space is very indicative of what is going on with the market, there’s more demand than available space.”
James said that 2650 18th St. was offered for sale unpriced and during the listing period, there were many offers for the property from a variety of investors, as well as potential owner/occupiers.
“Given how hot the San Francisco market is and the highly desirable location of this property, I was not surprised by the level of activity the offering generated. It really could have gone in the other direction of being purchased by a developer with an eye toward adding additional floors to the site, but we found a local investor who wanted it as-is and a tenant that was willing to renovate the building on their dime,” he added.
As previously reported, a historic preservation effort includes a project in the Mission.
http://www.globest.com/news/12_1222/sanfrancisco/acquisitions_dispositions/More-Demand-Than-Space-in-SoMa-362769-1.html
