TMG Partners, a Bay Area mixed-use property developer, in an equity partnership with Bridges Capital, has acquired Metreon, a 320,000-square-foot shopping and entertainment destination at 135 4th St. at Mission in downtown San Francisco, 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 Ben Kochalski, president and CIO at TMG Partners. “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 downtown San Francisco’s Yerba Buena Neighborhood, Metreon is a four-story vertical shopping and entertainment center with a 16-screen AMC Theatres on
