Expertise in Action

GRS | Corteq Provides Services on $90M Property at Santa Monica’s 3rd St Promenade

GRS | Corteq recently completed assessment services on a 131,475 square foot mixed-use facility at Santa Monica, CA’s world famous 3rd Street Promenade.   The high-profile commercial property, valued at $90 million, houses 32 multifamily units, along with 37,138 square feet of retail/restaurant/movie theaters and approximately 61,000 square feet of office space.  

Services provided by GRS | Corteq included a Property Condition Assessment (PCA), Phase I Environmental Site Assessment (ESA), and Seismic Probably Maximum Loss Assessment (PML).  GRS | Corteq director Jeff Coyne spearheaded the service package on behalf of a Beverly Hills-based CMBS client.