La Mediterranee Secured 10-Year Lease Extension
The San Francisco institution will remain at its Fillmore Street location through 2038.
Updated on Oct. 13, 2026 in Openings & Closings
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La Mediterranee has signed a 10-year lease extension to continue operating at its current home on 2210 Fillmore Street. The agreement ensures the restaurant will remain open until at least 2038.
Why it matters
The extension allows the long-standing restaurant to retain its 20 employees and maintain operations in its historic San Francisco location. The owner prioritized job security for his staff while negotiating the new, manageable terms.
Catering operations currently account for 50% of the restaurant's total revenue. The business, founded in 1979, supports a staff of 20 employees.
The players
Vanick Der Bedrossian
The 42-year-old owner of La Mediterranee who negotiated the long-term lease extension.
Neil Mehta
The building owner who purchased the property two years ago and is planning neighborhood restorations.
Cody Allen
The representative who contacted the restaurant owner to initiate lease extension negotiations.
Levon Der Bedrossian
The original founder who established the restaurant in 1979.
The details
Vanick Der Bedrossian negotiated the agreement with building management following the property acquisition by Neil Mehta. The lease ensures the business continues its dual focus on dine-in services and its substantial catering operation.
Timeline
1979: Levon Der Bedrossian opened La Mediterranee.
2024: Neil Mehta purchased the building.
August 2026: Public announcement regarding the potential lease extension.
October 13, 2026: The new lease was confirmed.
2038: The new lease expiration date.
Market Landscape
This deal aligns with broader efforts by building owners to stabilize and revitalize the commercial corridor surrounding the Clay Theater. It contrasts with typical short-term retail leases by securing a long-term anchor tenant to support neighborhood growth.
Customers can expect the restaurant to continue its standard service hours and catering availability at its current location for the next decade. Staffing levels will remain stable, preserving the current customer service experience for patrons.
The takeaway
Securing long-term leases can be a vital strategy for legacy businesses to remain operational amid rising urban property values. Local institutions often rely on diversified revenue streams, such as catering, to maintain financial health and employee retention.
Further reading
For more updates on local business stability, visit San Francisco Openings & Closings.
Source note: This article includes information reported by The New Fillmore.
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