45,000 SF Value-Add Industrial ->
250,000 SF Ground-Up Life Science Development
- Acquired December 2017 with Blackbird Investment Group & Acre Valley Real Estate Capital LLC.
- 2-story existing building was acquired in off-market sale from the Henkel Corporation who occupied the former foundry for warehouse uses over last 50+ years. Henkel vacated upon close of escrow. Short-term industrial uses have occupied the building since Henkel vacated.
- The business plan has pivoted to build a brand new best in class life science building with above grade parking garage on the site. Project entitlements were received in September 2022 for approximately 250,000 square feet with 325 parking stalls.
- With unobstructed SF Bay views, outdoor rooftop space at every level and ample onsite parking, Grayson will provide an incredible opportunity to future life science users to attract the workforce required to build the technologies of tomorrow.
- Located in West Berkeley with close proximity to the Berkeley Bowl and surrounding Fourth Street retail amenities.
21,000 SF Value-Add R&D/Industrial Portfolio
- Acquired November 2017 with Blackbird Investment Group & Acre Valley Real Estate Capital LLC.
- Two building portfolio consisting of a 2-story office building and 1-story R&D/industrial building with adjacent parking lot. Property was vacant at acquisition.
- With tall freespan warehouse with boardform concrete and clerestory windows, the former McGrath Steel buildings built in 1925 are a great creative industrial solution with close proximity to local amenities, onsite parking and outdoor amenity spaces.
- Subsequently leased in Dec 2018 to tech company Symbio Robotics who is current tenant. Reposition completed including new roofs, PGE power service upgrade, complete mechanical replacement, extensive sitework grading/building demolition, legacy environmental UST cleanup and new mural installed by local artist Guillaume Ollivier.
- Located on prominent corner of Hollis Street in Emeryville with close proximity to adjacent amenities including the Emeryville Greenway bike path, Berkeley Bowl, Rotten City Pizza, Prizefighter Pub and Starbucks.
35,750 SF Value-Add/Creative Industrial
- Acquired June 2022 with Blackbird Investment Group.
- Creative industrial building totaling 35,750 SF on approximately 0.56 acres. The warehouse is comprised of 24’-26’ clear, well-maintained manufacturing space, tap room, kitchen, patio, cold and cooler storage and office. With frontage on Leary, the Property is well suited in a high visibility and high traffic corridor. The Property located within IG2U/65 Zoning is desirable for the end user as it allows for greater flexibility and alternative industrial uses.
-Purchased off-market from owner and operator Hales Ales Brewery. Hales, a staple and innovator in the Seattle brewery industry has owned and occupied the building since 1983 specializing in English Style Pale Ales. The Owner, Mike Hale, is retiring and will be closing down operations.
-The Property has roughly $2.5 million dollars of existing equipment and infrastructure creating extremely attractive plug and play opportunity for future brewery tenancy. Inversely, the brewing equipment can be removed for traditional warehouse, manufacturing or creative office type tenancy allowing for greater flexibility.
-Located on the boarder of Fremont and Ballard, in the heart of Seattle’s brewery district and home to more than nineteen of Seattle’s best breweries all within one-mile walkable radius.
43,800 SF Industrial
- Acquired December 2022 with Blackbird Investment Group.
-Property was purchased off-market and a new 12-yr lease was executed in escrow with AIMS Power, INC. creating attractive immediate cash flow.
-Class B industrial building totaling 43,800 SF on approximately two acres of land located just south of Reno International Airport. The Property features 24’ clear heights, two (2) dock high and two (2) grade level doors, and is fully racked and sprinklered. The Property is concrete precast tilt construction with premium office pods that have glass windows showcasing nearby mountain ranges and has solar covered car parking stalls that can provide for 100% energy efficiency for the building.
-The Property is 100% leased by AIMS Power, Inc. and has served as AIMS Power’s corporate headquarters since 2018. This location is well suited for the firm’s warehousing and distribution of inventory, as well as some light manufacturing.
1.72-Acre Value-Add Industrial Outdoor Storage
- Acquired March 2023 with Blackbird Investment Group.
- The property was purchased off-market providing attractive immediate cash flow and long-term appreciation bringing existing below market income to market. Property benefits with an 11,000 square foot warehouse with 8 services bays and oil/water separator allowing for full semi truck drive thru in access/servicing along with large vehicle storage/fleet parking in the yard space.
- Located on high identity corner of Industrial Parkway in Hayward with two easy freeway exits off I-880.
15,500 SF Value-Add Industrial
- Acquired April 2023 with private investors.
-Property was purchased off-market and is 100% leased to 2 tenants providing near term cash flow and long-term upside bringing those leases to market or repurposing building/land site in future for higher better use.
- The Property is located in highly supply constrained infill Peninsula submarket. and sits on 1.00 acres (36% site coverage) adjacent to several converted life science projects, Palo Alto airport and newly remodeled Palo Alto Baylands Golf Course.
Ground-Up Multifamily Development
- Joint-Venture formed with a family office that owns property in April 2023.
- The property is currently a 5,000 SF 2-tenant underutilized retail strip building on 35,000 square land parcel with month-to-month leases.
- Planning underway for a new Class A residential project with ground-floor retail with two levels of parking. Project will be market rate residential project with 20% affordable units included within.
- Property is 3 short blocks off the main retail corridor of highly sought after Willow Glen neighborhood of San Jose along Lincoln Avenue and close proximity to Hwy 280 interchange
98,000 SF Ground-Up Industrial Development
- Acquired 4.39 acre land site in May 2023 with New York Life Investments.
- The asset was purchased after several failed marketing attempts from owner/occupant Fremont Bank who will lease the two existing office buildings short term while entitlements are received. Project will be a speculative development with construction estimated to commence in Q1 2024 with delivery later that year.
- The Property is located in highly supply constrained infill Hayward submarket and benefits from being less than 1/2 mile from first exit off Hwy 92 and I-880 interchanges and surrounded by new development by several institutional owners along the street. Additionally, the site benefits from high identity corner entrance into Diablo Industrial park at corner of Diablo Ave and Clawiter Roads.
7.4 Acre Value-Add Industrial Outdoor Storage
- Acquired October 2023 with Blackbird Investment Group.
- The property was purchased off-market at an extremely attractive basis providing attractive immediate cash flow and long-term appreciation bringing existing below market income to market. Property benefits from fully fenced, well lit, secured, paved and gravel industrial yard perfectly set up for equipment rental, contractor yard, truck and trailer storage.
- Ideally located on River Road, a prominent area, with great visibility on one of the most commercially desirable streets. The property unparalleled access to the Port of Tacoma, Seattle, and the greater Western U.S. via I-167 and it many main thoroughfares.
Ground-Up Multifamily Development
- Joint-Venture formed with the Mollie Stone’s Market family that owns property in November 2023.
- The property is currently a Mollie Stone’s Market grocery store and associated surface parking lot on two parcels along California Ave and Park Boulevard.
- Planning underway for a new Class A mixed use redevelopment with new state of the art Mollie Stones grocery store, two residential towers above and associated adjacent ground floor retail and parking. Project will be market rate residential project with 20% affordable units included within.
- Property located along California Ave retail corridor in Palo Alto that has been closed to car traffic since beginning of Covid providing popular outdoor dinning experiences and Palo Alto farmers market. Additionally, the site benefits being directly adjacent to the California Ave Caltrain stop.
189,000 SF Value-Add Industrial
- Acquired December 2023 with Blackbird Investment Group.
- Class B industrial building totaling 189,000 SF on 12.10-acres (approximately 36% site coverage). Property was purchased via sale leaseback with owner/occupant The Clorox Company with long term attractive cash flow. The building serves as Clorox’s last mile logistics hub for bleach and wipe products distribution along the West Coast.
- Building benefits from 115 trailer yard storage, 1200A / 3phase power supply, 3 rail doors and being directly adjacent to Clorox main production bleach plant at 2600 Huntington Drive providing seamless operations.
- Located in Fairfield submarket of San Francisco East Bay, site provides convenient access to I-80, I-12, I-680 and I-5 for distribution routes along the West Coast critical to distribution network along the west coast.
- Acquired Dec 2023 in partnership with the Tonic Nightlife Group.
- The building and pub were purchased from the Harrington Family who had owned and operated since its establishment in 1935 by Henry and Leo Harrington. Harringtons is the oldest operating Irish pub in San Francisco’s downtown core.
- The Property is located in downtown San Francisco financial district at 245 Front Street half block off of California.
119,000 SF Value-Add Office
- Acquired May 2024 with private investors.
- Property was an off-market transaction that was 44% leased at time of negotiating the purchase price. During escrow, Redco secured 3 new leases pushing occupancy up to 75% allowing the purchase to proceed with financing.
- Built in 1946 and extensively renovated in 2009, the building benefits from efficient sidecore floorplates, exposed creative class board form concrete interiors, brand new destination elevators, new gym facility and a 70-stall valet parking garage. Sitting in the heart of downtown San Francisco's financial district along iconic California Street with cable car passing, next door to Tadich Grill and close proximity to all transit nodes, the high identity corner address of 300 California provides unique opportunity for future office users.
87,000 SF Value-Add Office
- Acquired November 2024 with private investors.
- During escrow, Redco secured 3 new leases for 15k SF allowing the purchase to proceed with financing.
- Over the past few years, $23 million of capital improvements has been spent on modernizing the Building, including a lobby upgrade, elevator modernization, façade and roof improvements as well as high-end creative full floor spec suites that offer tenants high identity half or full floor suites in 3-7k SF range.
- Originally constructed in 1901, the building was designed by famed architects George Percy & Willis Polk with Baroque-style detailing. It is a true San Francisco generational asset located at the high profile location corner of California and Montgomery Streets.
