SAN FRANCISCO – RiverRock Real Estate Group, a West Coast-based commercial real estate management andfirm, today announced that it has been awarded the management of the commercial portion the Presidio, a historic site featuring 80 commercial buildings totaling 1.9 million square feet. With the addition of this assignment, the company now manages more than 25 million square feet of commercial space.
“The Presidio is a special site with a number of historic properties and an involved community of tenants,” said Jeffrey Deis, Chief Operating Officer of the Presidio Trust. “We selected RiverRock Real Estate Group because we were convinced that they would be strong partners in the stewardship of the Presidio’s buildings, and provide quality customer service to our tenants.”
The 1,491-acre Presidio is within the 75,500-acre Golden GateRecreation Area (GGNRA) and first served as a military post for Spain in 1776. It is now one of San Francisco’s most desirable communities, offering residential, commercial, parks, and a tourism and educational destination. RiverRock will oversee the management of the commercial space, which includes 170 tenants.
“We are proud that RiverRock was selected to manage the commercial properties of the historic Presidio,” said John Combs, Principal of RiverRock Real Estate Group. “This is an exciting opportunity to manage properties that are such a rich part of our country’s history.”
RiverRock has added Joe Vega, Senior Portfolio Manager; Margaret Cheung, Lease Administrator; and Kaitlin Johnson, Project Coordinator, to help manage the portfolio. Kayla Egnew has relocated to Northernto be the Assistant Property Manager at The Presidio.
The Presidio Trust is a distinctive federal agency created to save and transform the Presidio of San Francisco, a historic American place steeped in service. The Trust was established by the United States Congress in 1996 to administer the Presidio, a former army base and new urban national park site located at the base of the Golden Gate Bridge. Today, over 2,700 people live in the park’s former military housing, and more than 200 organizations have located in Presidio buildings, attracted by the Presidio’s beauty and historic significance. Under the Trust’s management, the Presidio has been transformed into a stunning visitor destination with an extensive system of trails and scenic overlooks, rehabilitated historic buildings, programs that teach about the Presidio’s military history and natural resources, and tenants and residents who help to sustain the park. To learn more about the Trust visit: Presidio.gov.
RiverRock Real Estate Group, Inc. is a West Coast-based commercial real estate management and leasing firm specializing in commercial,and retail management. Headquartered in Newport Beach, Calif., RiverRock’s California office locations include Laguna Hills, Los Angeles, Long Beach, San Diego, San Francisco, Santa Ana, Santa Clara, Walnut Creek, Woodland Hills and Phoenix, Arizona. The firm manages a West Coast portfolio totaling in excess of 25 million square feet of space.
RiverRock Real Estate Group was founded in August 2003 by John Combs, a leading figure in the property management industry in California and nationally as the former head of Insignia ESG's property services division. RiverRock Real Estate Group established a breakthrough property management model based on innovative, client-focused standards for operational efficiency, customer service, fee structure, outsourcing, personnel and training that increases the ability of building managers to positively impact the value of a real estate asset. The branded service platform includes a Northern California joint venture operating as C&C RiverRock Newmark with offices throughout the Bay Area and Sacramento.