The Metreon, San Francisco’s downtown mall anchored by Target and AMC Theaters, has been sold in another sign of rising investor appetite in the city.
TMG Partners and Bridges Capital closed on their purchase of the four-story, 320,000-square-foot property on Monday. The property was acquired from Acore Capital, a lender whose executives previously worked at Starwood, the former owner of the mall.
The price wasn’t disclosed, but the property at 135 Fourth St. was previously assessed by the city at $150.7 million…