SAN FRANCISCO-The San Francisco Redevelopment Agency has acquired an industrial building in the Third Street district from steel manufacturer Kortick Manufacturing.

According to the San Francisco Redevelopment Agency, the property was purchased for approximately $10 million and will be converted into a residential complex. The SFRA plans to sell the building to Bridge Housing Corp., a nonprofit developer that plans to convert it to very low and low-income rental and ownership housing units.

According to Bridge Housing, the property is located at 5600 Third St., between Armstrong and Bancroft and facing Bayview Park. The 137,000-sf building will be converted to 252 residential units and 12,000-sf of retail space. The company would not comment on how much it will pay for the site.

Scott Mason of HC&M represented Kortick in the deal, while Gary Cohan of TRI Commercial represented both the Redevelopment Agency and Bridge Housing.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.