Commercial Real Estate Firm DeRose & Appelbaum Brings Prized Polk Street Space Back to Market After Controversial La Boulange Closures
The Big Win: A Coveted Location for Community-Welcomed Business
SAN FRANCISCO, CA, January 11, 2015 – DeRose & Appelbaum, a young and future-focused San Francisco commercial real estate firm, is beginning the year with a refreshing debut: for the very first time, a coveted retail space from the now-shuttered La Boulange family is formally available to the public at 2300 Polk Street following months of speculation surrounding the fate of the chain’s locations – considered among the City’s most attractive commercial opportunities.
Holding court with over 60 feet of street frontage on the corner of Polk and Green Streets in Russian Hill, this well-known spot housed the neighborhood outpost of entrepreneur Pascal Rigo’s La Boulange empire until parent company Starbucks recently vacated the space. The La Boulange closures were a surprise and loss to many locals who’d continued to frequent the business after its purchase by the coffee giant in 2012 for $100 million. The closing of its locations signaled a silver lining of new opportunity for businesses seeking space.
But after a Los Angeles-based company, Lemonade, took over a number of the leases and La Boulange’s Rigo reclaimed several more, none have been back on the market for lease to the public – until now.
Boasting 17-foot ceilings, refinished random plank hardwood floors, and abundant sunlight from arched front windows, the space includes a Type I Hood, walk-in refrigeration, restaurant infrastructure, and more.
“We are excited to represent 2300 Polk and look forward to bringing another community-serving business to the neighborhood. The La Boulange group has historically had some of the best real estate locations in the city, spaces credited with the chain’s success, so we expect to get a lot of activity on the listing,” said DeRose & Appelbaum Senior Associate Haley Klein. Klein also mentioned the property owners’ desire to lease the 2,500-square-foot space to a business welcomed by the neighborhood and surrounding community.
To find out more development plans visit DeRose & Appelbaum at www.deroseappelbaum.com.
About DeRose & Appelbaum
DeRose & Appelbaum is a commercial real estate company that focuses on the leasing of commercial and mixed-use properties, and the sales and acquisition of multi-family and commercial properties in the San Francisco Bay Area. Established in 2010, the firm’s founding principal Santino DeRose was recently named one of the San Francisco Business Times’ “Hot 40 Under 40,” to be officially awarded during the publication’s ceremony in March this year. Our young firm is one of the most active and creative real estate companies in the region. Our rapid growth is due mainly to our familiarity with local neighborhoods, strong network and willingness to tackle challenging projects.
In 2015, DeRose & Appelbaum helped re-invent the 1926 historic landmark Theater on Divisadero by successfully delivering up-coming tenant Emporium SF to the long-vacant Art Deco-style building. Led by its young, vibrant team, the company has also been recognized for major developments in the Tenderloin — including the highly publicized 826 Valencia lease at 166 Golden Gate and the purchase and repositioning of the notorious Warfield Hotel located at 116 Taylor Street. They have also brokered a long term lease deal with Peter Glikshtern (owner of 620 Jones and Odd Job) to re-open BIG, an upscale cocktail bar that was a staple in the Tenderloin just a few years ago.
At DeRose & Appelbaum, relationships are of the utmost importance to us. We work with landlords who take pride in their buildings; who are discerning about the tenants they house. We’re known for taking an honest and informal approach with our clients, and for improving the neighborhoods that make the San Francisco Bay Area one of the most unique and attractive regions in the world. For more information on DeRose & Appelbaum please visit: http://www.deroseappelbaum.com/home/index.php.