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2/10/26
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TMG Partners, in an equity partnership with Bridges Capital LLC, has acquired Metreon, a 320k sf shopping and entertainment destination in downtown San Francisco. The asset, located at 135 4th Street at Mission, was acquired in a deed in lieu transaction from Acore Capital, the lender on the acquisition. The City of San Francisco will continue to retain ownership of the ground lease.
“Since it first opened in 1999, Metreon has been a mecca for entertainment, shopping, and dining for families, local office workers, and visitors to San Francisco,” said TMG Partners President and Chief Investment Officer Ben Kochalski. “TMG Partners will now continue the tradition as we improve the experiential opportunities across the theaters, dining options, retail, common areas, and most notably the top-floor event space.”
Located in the heart of Downtown San Francisco in the thriving Yerba Buena Neighborhood, Metreon is a four-story, vertical shopping and entertainment center with a 16-screen AMC Theatres on the third level, featuring the tallest IMAX screen in North America. Visitors who shop at the City Target on the second level can also enjoy dining both inside and out at over a dozen restaurants and eateries, with cuisines from Japan, Italy, Korea, Vietnam, Mexico, America, and more. TMG will be adding to the mix as they lease-up the ground floor retail.
The City View event space on the fourth level will also be reimagined and renamed by TMG Partners working with Skylight, a placemaking and venue development group that creates iconic cultural centers.
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