TMG Partners (TMG), a Bay Area mixed-use property developer, and Invesco Real Estate, a global real estate investment manager, have acquired 600 Battery Street, an approximately 120,000-square-foot historic building in Jackson Square in San Francisco.
The property is one of a very few large blocks of space that will come available when the lease in the building expires in mid-2020.
“It’s a rare opportunity to acquire a property whose history you know this well,” said TMG Partners’ CIO Matt Field. “The building is an ideal combination of a rare large block of contiguous creative space in a historic building and with which we have a relationship with the tenant who has occupied the space for so long. We look forward to a second opportunity to own this amazing asset.”
TMG completed the original renovation on the property in 1998 and sold the building to the current seller, a joint venture of M&J Wilkow and National Real Estate Advisors. The te
