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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.
- ◦Lease
