One of San Francisco's largest downtown malls has gone on the market at a time when retail sales transaction prices appear to be heading back up in the city.
JLL has been tapped to market the leasehold interest of the 313K SF Metreon, a mall located at 135 Fourth Street, across the street from the Moscone Center and adjacent to the Yerba Buena Center.
The shopping center sits on 2.7 acres of leasehold land owned by San Francisco. There are 58 years left in the ground lease, inclusive of options, before it expires in 2082. Starwood Capital Group, the current owner and manager, acquired the complex as part of a $1.1B deal with Westfield Group for eight U.S. shopping centers in 2012.
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