Yadav Secures Prime San Francisco Retail Space with Grosvenor Deal

Grosvenor Group Ltd., a renowned private real estate company, recently announced a new ten-year lease with luxury jeweler Yadav Diamonds and Jewelry at 170 Grant Street in San Francisco's prestigious Union Square neighborhood. The family-run business, which has been operating in the city since 1983, occupies a 3,425-square-foot space on the building's fifth floor. This move highlights Yadav's commitment to providing bespoke experiences in a pivotal retail area while contributing to San Francisco's rich cultural heritage. Grosvenor acquired the property in 2005 and later underwent significant renovations to elevate its infrastructure and aesthetic value. The vicinity is recognized for high-end retail operations, with industry giants like Dior, Bvlgari, and St. John Knits securing leases nearby. The strategic placement of Yadav Diamonds aligns with Grosvenor's motto of curating an upscale tenant roster for its properties. Grosvenor has maintained a robust presence on the West Coast since the 1970s, a characteristic evident through its array of high-stake investments across the San Francisco Bay Area. Both parties, including Yair Jim Yachdav, Founder of Yadav, and Marisa Rodriguez, CEO of the Union Square Alliance, expressed mutual excitement for the lease, emphasizing the Union Square location as key to continued business excellence and growth. Avison Young facilitated the transaction, continuing Grosvenor's impressive leasing momentum in a neighborhood celebrated for its upscale retail offerings.