Brazilian Jiu-Jitsu (BJJ) has a certain following in Sacramento with approximately ten separate facilities spread throughout the area; yet North Sacramento has been under served… until now. This month, another BJJ operator will open its doors in North Natomas, but with one significant distinction. It will sport the Gracie family name.
Those familiar with BJJ will immediately recognize the value of this franchise, which started in 1914 when “a Japanese Jiu-Jitsu champion Esai Maeda migrated to Brazil, where he was instrumental in establishing a Japanese immigrant community. His efforts were aided by Gastão Gracie, a Brazilian scholar and politician of Scottish descent. As an expression of his gratitude for Gracie’s assistance, Maeda taught the Brazilian’s oldest son Carlos the essential secrets of the ancient martial arts technique. Carlos taught Maeda’s techniques to his four brothers, and in 1925 they opened the first Gracie Jiu-Jitsu academy in Brazil.”
Click here for related story by the Sacramento Business Journal.
Jackson Sports Academy expands to 200,000 sq.ft. facility @ McClellan Park
Over the past seven years, Dwayne Jackson (Jackson Sports Academy) has leased multiple Sacramento area warehouse facilities in pursuit of growing his girls club volleyball franchise. Just over a year ago, this pursuit lead Jackson to McClellan Park, where Brian Jacks (East West Commercial Real Estate Broker) represented him for the 10-year lease of almost 75,000 square feet, which primarily houses 12 volleyball courts plus doubles for other sports and entertainment venues as well. It was always Jackson’s goal to one day expand to offer basketball and indoor soccer too. McClellan Park’s free-span hangars were the perfect solution with a sea of parking right out front. Now, with the opportunity to host basketball tournaments in connection with Matt William’s Jam On It Basketball Academy, Jackson Sports Academy and East West Commercial have secured an expansion that totals almost 200,000 square feet, making it the largest basketball facility in Northern California.
Click here for a press release by the Sacramento Sports Commission and related articles by the Sacramento Business Journal and News Radio KFBK. Click here for a news story by KCRA Channel 3 and video of Nike’s Elite Youth Basketball League Tournament held April 2014 at Jackson Sports Academy.
Chuck Kim, owner of Ramen Hook @ University Mall (Davis)
Korean style ramen dishes have gained significant popularity in recent years. According to articles by food critics in both the Sacramento Bee and Sacramento News & Review, Chuck Kim has created quite the stir. Restaurant critic, Blair Anthony Robertson, writes “this isn’t their first attempt at nailing the vital elements of blue-collar, elbows-on-the-table Korean cuisine. Nor is Korean-born chef and owner Chuck Kim a rookie with the Japanese side of his menu. He owned ramen and sushi restaurants in Berkeley for several years and, now that he’s in Sacramento, he has already carved out a mini-empire in a Howe Avenue strip mall (Sushi Hook in the same center is also his).”
Click here to read story about Ramen Hook expansion to University Mall in Davis by the Sacramento Business Journal.
East West Commercial Real Estate is a boutique brokerage firm based in Orange County with over twenty agents in five states. After leaving a long commercial real estate lending career with Wells Fargo, Brian Jacks (Northern California Regional Vice President of East West Commercial) launched the company’s Sacramento office in November 2011. Considering the local economy is still weak, there has been sufficient activity to keep busy with several high profile commercial and non-profit lease transactions, such as Drewski’s Hot Rod Kitchen, Hacker Lab, Jackson Sports Academy, Fitness System, Curves, Streamline Church and Cornerstone Christian School.
East West Commercial Real Estate – Sacramento area lease transactions
On Sutterville Road in Land Park is a two story office building located right in between the Sacramento Zoo, La Bou Café and Sprouts Market. Until recently, this 40,000 square foot building had become almost entirely devoid of tenants and business activity due to the severe recession. However, it’s not the first time this particular property has succumbed to the pressures of a deteriorating local economy.
Land Park office building becomes focal point of community once again
Click here for related article in Sacramento Business Journal.
It’s still a tenant’s market out there… and its been that way for quite some time here in the Sacramento area. Commercial property owners know all to well that savvy tenant’s have the upper hand when it comes to negotiating new or renewal leases. However, not being armed with the right information (and trying to go it alone) can lead to less than stellar results.
Photo by the Sacramento Business Journal
The Sacramento Business Journal discussed in a recent article how Rob Fauble, owner of The Beat (a record store in Midtown Sacramento), lost his commercial property lease after 19 years in business at 1700 J Street. Although Rob make the right decision to hire a local Sacramento commercial real estate broker, he was still unsuccessful in cutting a deal with the landlord to let him stay. Occasionally, a commercial property owner has the opportunity to upgrade a tenant with a national company, who can pay more rent and create value for the property… such as the case with The Beat’s former location.
More often that not, however, in this current market, tenant’s hold the necessary leverage to negotiate highly favorable lease terms for commercial property throughout the greater Sacramento area. Continue reading below for a list of do’s and dont’s to learn how tenants can best prepare for this important task.
The global leader in women’s fitness
Curves was launched in 1992 and quickly grew to become the largest fitness franchise in the world, with over 10,000 locations in 90 countries. In recent years, the great recession took hold and weeded out many under-performing clubs, resulting in a reduction of more than 30% (now 6,800 locations worldwide). For many reasons, it became necessary for the original Curves founders to identify a suitable equity partner to acquire the majority stake in the business and take Curves to its next level. One year ago, Curves was sold to North Castle Partners, a hands-on, value-added investor of high-growth, middle market companies in the beauty & personal care, consumer health, fitness, recreation & sports, home & leisure and nutrition sectors, among others. It is anticipated that North Castle Partners will capitalize on this investment by infusing Curves with well funded resources and pertinent expertise to regain and increase market share once more.
Click here for related story in the Sacramento Business Journal.
East West Commercial Real Estate is pleased to announce the May 2013 opening of Fitness System Land Park at 1250 Sutterville Road in the City of Sacramento. Fitness System is part of a local network of athletic clubs with three additional locations in West Sacramento, Lodi, and Woodland.
Fitness System – 17,000 sq.ft. athletic club opened May 2013 in Land Park
The newest facility comprises 17,000 square feet and is located directly across from the Sacramento Zoo and Sprouts Market / La Bou Cafe at the corner of Sutterville Road & Land Park Drive. Sean Covell, owner / operator of locally based Fitness System, is excited to provide a much needed athletic club to Land Park residents and intends to become active within the community right away. The club offers free weights, machines, aerobics and child care on the first floor, while members engaged in cardio workouts upstairs have the unique opportunity to watch the giraffes at the Sacramento Zoo located just across the street. See related article from Sacramento Business Journal and CoStar.
Local Sacramento food truck operator, Andrew Blaskovich (aka “Drewski”), has been on the Sacramento scene for over two years now, serving up gourmet sandwiches to hungry crowds. With well over 15,000 Twitter and Facebook followers, he is most certainly a force to be reckoned with and has been recognized by Food Network as one of the Top 10 food truck operators in America. Drewski’s has received rave reviews in local print and media and is currently ranked #1 on the KCRA “A” List and was voted #1 best Food Truck by Sacramento News & Review.
In a growing trend, the success of food truck operators has convinced some to open brick-and-mortar locations as well. For Blaskovich, his foray into the brick-and-mortar restaurant business started with a Midtown Sacramento commercial property operated by Republic, a large sports bar, located across from the Sacramento Memorial Auditorium. He partnered with the owners to provide his signature dishes and experienced tremendous success ever since. Drewski’s second brick-and-mortar location is essentially a small café positioned within the lobby of a commercial office building on Iron Point Road in Folsom. However, Drewski’s third brick-and-mortar really takes the cake.
Click here for related articles written by the Sacramento Bee, Cowtown Eats, and Sacramento Business Journal.
Comstock’s Magazine published a terrific article in this month’s edition discussing the need for Sacramento commercial property landlords to relax long-standing tenant requirements for attracting startup tech companies that desperately need space to foster innovation. The article explains how Hacker Lab, a non-profit technology incubator, recently expanded its commercial space by more than 10x by relocating to a Midtown Sacramento office / warehouse building that lends itself to creative work space. Sacramento commercial real estate broker Brian Jacks, who handled the lease transaction, was quoted in the article as saying “it wasn’t an easy deal, but fortunately the landlord was willing to take a chance.” A few short months later, Hacker Lab finds itself at the epicenter of a movement that is culminating with Startup Weekend, a global event in local cities that brings programmers, designers and entrepreneurs together to launch their own startup company in 54 hours. Excitement is building. The City of Davis recently announced a new staff position called ‘Chief Innovation Officer’ that was assumed by industry veteran Rob White. White toured a mixed-use commercial building last week, located just one block from the U.C. Davis campus, which he agrees would be a perfect fit for a Hacker Lab type organization. Students and industry professionals need a place other than coffee shops where they can meetup to collaborate on technology and innovation projects that will help take the Sacramento region to the next level. Click here for related article.