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California  + Bay Area  + Industrial  | 

City of San Francisco Inks 98K-SF Industrial Lease

Newmark facilitated a 98,000-square-foot lease at 2177 Jerrold Ave., reportedly the largest new industrial lease in the San Francisco market year-to-date. The team of Mark Geisreiter, Aaron Gillespie and Seth McKinnon represented the landlord, LB Stone Properties Group. The City of San Francisco signed a long-term lease and plans to use the property for the Department of Homelessness and Supportive Housing.

“This lease exemplifies the strength and resilience of the San Francisco industrial market,” said Geisreiter. “With interest from multiple users, its central location and infrastructure make it an exceptional choice for the City of San Francisco. We’re proud to have been part of this landmark deal.”

The property, located on a 2.25-acre site, encompasses two building structures totaling 24,455 square feet and 79,643 square feet of secure yard space. Its strategic location provides convenient access to Highway 101 and Interstate 280, positioning it as a logistical hub 10 minutes away from San Francisco Airport and five minutes from downtown San Francisco.

Photo courtesy of LB Stone Properties Group.

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Newmark's Geisreiter

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Lease
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