{"id":1004796572,"date":"2026-04-28T04:58:52","date_gmt":"2026-04-28T12:58:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004796572"},"modified":"2026-04-28T06:15:45","modified_gmt":"2026-04-28T14:15:45","slug":"jamestown-sells-san-francisco-historic-landmark","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jamestown-sells-san-francisco-historic-landmark\/","title":{"rendered":"Jamestown Makes a &#8216;Sweet&#8217; Deal for San Francisco Landmark"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a366d29b77bb&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"900\" data-attachment-id=\"1004796580\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jamestown-sells-san-francisco-historic-landmark\/building-of-the-old-ghirardelli-chocolate-factory-in-san-francisco-today-the-ghirardelli-square\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/GhirardelliSquare_CreditGilbertoMesquita.jpeg\" data-orig-size=\"1200,900\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Gilberto Mesquita - stock.adobe.&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;San Francisco, CA \/ USA - August 05, 2022: Building of the old Ghirardelli chocolate factory in San Francisco, today the Ghirardelli Square.&quot;,&quot;created_timestamp&quot;:&quot;1659700855&quot;,&quot;copyright&quot;:&quot;Gilberto Mesquita&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Building of the old Ghirardelli chocolate factory in San Francisco, today the Ghirardelli Square.&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Building of the old Ghirardelli chocolate factory in San Francisco, today the Ghirardelli Square.\" data-image-description=\"&lt;p&gt;Image downloaded via AdobeStock.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;the square encompasses the 19-foot, illuminated Ghirardelli sign and restored clocktower that have been part of San Francisco\u2019s skyline for over 100 years. Image courtesy of Gilberto Mesquita\/AdobeStock&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/GhirardelliSquare_CreditGilbertoMesquita.jpeg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/GhirardelliSquare_CreditGilbertoMesquita.jpeg\" alt=\"Outside shot of the old Ghirardelli chocolate factory in the Ghirardelli Square, a historical mixed-use asset in San Francisco. \" class=\"wp-image-1004796580\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/GhirardelliSquare_CreditGilbertoMesquita.jpeg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/GhirardelliSquare_CreditGilbertoMesquita.jpeg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/GhirardelliSquare_CreditGilbertoMesquita.jpeg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/GhirardelliSquare_CreditGilbertoMesquita.jpeg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The 19-foot, illuminated Ghirardelli sign has been part of San Francisco\u2019s skyline for more than 100 years.<em> Image by Gilberto Mesquita\/AdobeStock<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Embrace Real Estate and 1823 Partners have acquired Ghirardelli Square, a historic mixed-use asset in the Fisherman\u2019s Wharf district of San Francisco.<\/p>\n\n\n\n<p>Going forward, Embrace and Continuum Partners will lead the business plan, as well as oversee leasing and day-to-day management.<\/p>\n\n\n\n<p>Jamestown sold the property, which is considered the first major adaptive reuse project in the U.S., after 13 years of ownership. Back then, the asset changed hands for $54 million, according to <em>The San Francisco Standard<\/em>.<\/p>\n\n\n\n<p>Since its inception in 1983, Jamestown has closed more than $40 billion in transactions.&nbsp;In another recent move, the firm partnered with Falcone Group, ROK Acquisitions, Andrew Mirmelli and The Davis Cos. for the acquisition of <a href=\"https:\/\/www.commercialsearch.com\/news\/6b-miami-project-sees-retail-district-change-hands\/\">the retail component of Miami Worldcenter<\/a>.&nbsp;The deal involves the second-largest urban mixed-use development in the U.S.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-historic-san-francisco-landmark\">Historic San Francisco landmark<\/h2>\n\n\n\n<p>Located at 900 N. Point St. on the waterfront, Ghirardelli Square originally came online in 1862 as a textile mill and chocolate factory. It changed hands in the 1960s and reopened as a retail and dining destination in 1964.<\/p>\n\n\n\n<p>In 2013, Jamestown acquired the retail portion of Ghirardelli Square, which totaled a little over 100,000 square feet and was only 55 percent leased at the time. Over the years, the firm has renovated the historic buildings and brought the property to full occupancy.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/new-lifelines-for-empty-anchors\/\">New Lifelines for Empty Anchors<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Now Ghirardelli Square has some 9 million annual visitors. The 12-building asset comprises the Ghirardelli Chocolate Co.\u2019s U.S. flagship store, a Fairmont Heritage Place hotel and multiple retail and dining options, among which COL Gallery and Barrio. Moreover, the square encompasses the 19-foot, illuminated Ghirardelli sign and restored clocktower that have been part of San Francisco\u2019s skyline for over 100 years, as well as Ruth Asawa&#8217;s Andrea fountain. Amenities include a multi-level parking garage with EV charging stations.<\/p>\n\n\n\n<p>The property occupies a whole city block next to the San Francisco Maritime National Historical Park and the Aquatic Cove. The city center is 3 miles south.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property was the first major adaptive reuse project in the U.S.<\/p>\n","protected":false},"author":3909,"featured_media":1004796580,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21752,21742,21749,1609,15],"tags":[42446,51748],"class_list":["post-1004796572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-mixed-use","category-latest","category-retail","category-san-francisco","category-west","tag-continuum-partners","tag-jamestown"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Jamestown Makes a &#039;Sweet&#039; Deal for San Francisco Landmark - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Embrace Real Estate and 1823 Partners have acquired Ghirardelli Square, a historic mixed-use asset in San Francisco, from Jamestown.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jamestown-sells-san-francisco-historic-landmark\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jamestown Makes a &#039;Sweet&#039; Deal for San Francisco Landmark\" \/>\n<meta property=\"og:description\" content=\"Embrace Real Estate and 1823 Partners have acquired Ghirardelli Square, a historic mixed-use asset in San Francisco, from Jamestown.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jamestown-sells-san-francisco-historic-landmark\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-28T12:58:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-28T14:15:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/GhirardelliSquare_CreditGilbertoMesquita.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Louisa Miclaus\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jamestown-sells-san-francisco-historic-landmark\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jamestown-sells-san-francisco-historic-landmark\/\",\"name\":\"Jamestown Makes a 'Sweet' Deal for San Francisco Landmark - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jamestown-sells-san-francisco-historic-landmark\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jamestown-sells-san-francisco-historic-landmark\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/GhirardelliSquare_CreditGilbertoMesquita.jpeg\",\"datePublished\":\"2026-04-28T12:58:52+00:00\",\"dateModified\":\"2026-04-28T14:15:45+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4ee012cfd2de00e6304cc0c5ded1db2e\"},\"description\":\"Embrace Real Estate and 1823 Partners have acquired Ghirardelli Square, a historic mixed-use asset in San Francisco, from Jamestown.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jamestown-sells-san-francisco-historic-landmark\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/jamestown-sells-san-francisco-historic-landmark\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jamestown-sells-san-francisco-historic-landmark\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/GhirardelliSquare_CreditGilbertoMesquita.jpeg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/GhirardelliSquare_CreditGilbertoMesquita.jpeg\",\"width\":1200,\"height\":900,\"caption\":\"the square encompasses the 19-foot, illuminated Ghirardelli sign and restored clocktower that have been part of San Francisco\u2019s skyline for over 100 years. 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