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tarwood Capital Group, a Miami Beach-based investor led by Barry Sternlicht, has listed The Metreon, a 312,000-square-foot indoor mall in Downtown San Francisco, for sale. The four-story property at 135 4th Street is 92% leased and features the city's only Target store and an AMC IMAX theater, the largest in the nation. JLL holds the listing, but the asking price has not been disclosed.

    The Metreon was opened in 1999 by Sony as an interactive theme park, but it was later converted into a traditional mall by Westfield Group, which acquired it in 2006. Today, anchors Target and AMC generate 60% of the property's income, with other tenants including restaurants and beverage shops like Super Duper Burger and Chipotle.

    Recent leases signed at The Metreon include Nick the Greek and Heytea, while West Coast Sourdough and East Brother Beer Company are reportedly in talks to join the mall. However, workers at the Target store have reported issues with theft, leading to merchandise being locked behind plastic barriers.

    Starwood Capital Group has $115 billion in assets under management across 30 countries, according to its website. The company has faced financial difficulties recently, including surrendering a 1.6 million-square-foot office complex in El Segundo and three office towers in Oakland after defaulting on loans totaling nearly $865 million.