Merlone Geier Partners

What Merlone Geier Partners does

Merlone Geier Partners is a privately-held, vertically integrated commercial real estate investment and management firm founded in 1992 and headquartered at 425 California Street, Tenth Floor, San Francisco, CA. The firm acquires, develops, redevelops, and manages retail and retail-driven mixed-use properties exclusively on the U.S. West Coast, operating from four regional offices covering the Pacific Northwest, Northern California, the Bay Area, and Southern California. Over 33 years, the firm has raised more than $4.5 billion in capital and transformed greater than 170 neighborhood retail properties. Tenant mix spans national anchor retailers (Walmart, Safeway, Trader Joe's, Ross, Dick's Sporting Goods, Macy's), office tenants (Facebook, WeWork), hospitality operators (Hyatt Centric), cinema anchors (Regal, ICON Theater), fitness (LA Fitness), and regional/local specialty tenants.

The company's platform combines in-house acquisition, development, redevelopment, leasing, and property management functions within a single organization. Flagship assets include Delta Shores (over 900,000 sq. ft. of retail in Sacramento), NOHO West (mixed-use with 642 residences, office, and retail in North Hollywood), The Village at San Antonio Center (retail, 440,000 sq. ft. of class A office leased to Facebook and WeWork, hotel, and theater in Mountain View), and The Shops on Lake Avenue (421,000 sq. ft. community center in Pasadena). The current development pipeline centers on mall-to-mixed-use redevelopments including Northgate Mall (LEED Gold, 1,400+ residential units), Northline Village (17-acre transit-oriented site in Lynnwood, WA), The Village at Laguna Hills (67.8 acres with retail, hotels, apartments, and townhomes), and The Commons at Federal Way (63-acre regional mall in WA).

Revenue is generated primarily through rental income from owned and managed retail and mixed-use properties; pricing is property-specific and quote-based with no publicly disclosed standard tiers. Distribution is relationship-driven and B2B: dedicated leasing representatives per property, acquisition contacts through Managing Partner Jonathan Lischke and Managing Director Tim Sullivan, a self-serve PropertyCapsule portal for tenant prospecting, and a specialty leasing program for short-term and SMB tenants. The firm pursues structured partnerships for components it does not own directly — for example, a joint venture with Carmel Partners for the residential development at The Village at San Antonio Center.

Name

Merlone Geier Partners

Legal name

Merlone Geier Management, LLC

Website

https://merlonegeier.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

51–100 employees

Short description

Merlone Geier Partners is a privately-held, vertically integrated commercial real estate investment firm that acquires, redevelops, and manages retail and mixed-use properties across the U.S. West Coast, having raised over $4.5 billion since 1992.

Ownership category

akta.pro rank

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain, Others

Revenue model

1. Commercial Real Estate Rent: The firm generates revenue through rental income from tenants occupying its retail and mixed-use properties. Tenants include national anchor retailers (Walmart, Safeway, Trader Joe's), regional retailers, restaurants, and service providers across owned shopping centers.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Merlone Geier Partners is a West Coast-focused commercial real estate investment and management firm that acquires, develops, redevelops, and manages anchored neighborhood shopping centers and retail-driven mixed-use properties from Seattle to San Diego. The firm operates a vertically integrated platform that handles the full property lifecycle, including acquisition underwriting, development, leasing, property management, and repositioning of underperforming retail assets. Revenue is generated primarily through rental income from anchor tenants, regional retailers, office tenants, residential units, and hospitality operators within its owned portfolio.

Product overview

Merlone Geier Partners is a vertically integrated commercial real estate investment and development company focused on West Coast retail and retail-driven mixed-use properties. The company's core offering is its investment and operating platform that manages property acquisition, development, redevelopment, and ownership. Key products include retail developments (Delta Shores with 900,000+ sq. ft. of national retailers), mixed-use redevelopments (NOHO West with 642 residences and retail plaza, The Village at San Antonio Center with office/retail/hotel), and neighborhood shopping centers. The portfolio spans from Seattle to San Diego, with current development projects including Northgate Mall (LEED Gold), Northline Village, and The Village at Laguna Hills.

Differentiator

Problem solved

Functional benefit

Products and services

• NOHO West Mixed-use development in North Hollywood, CA with open-air retail plaza, 4-story office building, 642 residences, and public spaces, anchored by Regal Cinemas, Trader Joe's, Ulta Beauty, and LA Fitness.
• Delta Shores Over 900,000 sq. ft. retail center in Sacramento, CA anchored by Walmart, RC Willey, Regal Cinemas, Dick's Sporting Goods, At Home, Floor & Decor, Hobby Lobby, Ross Dress for Less, PetSmart, Party City, and Old Navy.
• The UV 84,053 sq. ft. neighborhood center in Sacramento, CA anchored by Safeway, featuring retailers and restaurants including Zocalo, Bennett's American Cooking, and Buckhorn Grill, with local metal artwork and outdoor seating.
• The Village at San Antonio Center Multi-use property in Mountain View, CA with 91,000 sq. ft. of neighborhood retail anchored by Safeway, 440,000 sq. ft. of class A office (Facebook, WeWork), 10-screen ICON theater, Hyatt Centric hotel, and 330 luxury apartments.
• The Shops on Lake Avenue 421,000 sq. ft. community shopping center in Pasadena, CA anchored by Macy's, Trader Joe's, and T.J. Maxx.
• Northgate Mall LEED Gold certified mixed-use redevelopment transforming an enclosed mall into an open-air development with over 200,000 sq. ft. of retail, 1,400+ residential units, central Town Square, and walking/biking paths.
• Northline Village Planned mixed-use redevelopment of 17-acre Lynnwood Square across from Lynnwood Light Rail station in Washington state, accommodating office, medical office, multifamily, and retail.
• The Village at Laguna Hills 67.8-acre mixed-use redevelopment on former Laguna Hills Mall site with 163,000 sq. ft. retail, two hotels, 900 market-rate apartments, 200 affordable units, 356 townhomes/single family units, and community gathering spaces.
• The Commons at Federal Way 781,791 sq. ft. regional mall on 63 acres in Federal Way, WA anchored by Target, Hashi Market, Burlington, and Kohl's, with adaptive reuse of 160,000 sq. ft. former Sears box to retail/office space.

Quantifiable outcome

• $4.5 billion in capital raised over 33 years
• +6 more outcomes

Named customers23 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Carmel PartnerscoreStrategic or Co-development PartnerMerlone Geier Partners entered a joint venture with Carmel Partners, an experienced residential developer and investor, to develop the residential and retail component of The Village at San Antonio Center in Mountain View, CA. Merlone Geier developed the retail portion while Carmel Partners developed the residential component comprising 330 luxury apartments situated above 43,000 square feet of specialty retail.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Brookfield Property Partners: Brookfield Property Group is a large diversified real estate operator with retail and mixed-use exposure at much greater scale, including flagship mall portfolios — a broad incumbent comparable in strategy though substantially larger and more diversified than Merlone Geier.
• Simon Property Group: Simon Property Group is the largest U.S. REIT with a mall portfolio facing similar retail headwinds as Merlone Geier's legacy mall assets — a broad incumbent benchmark for how public-market retail REITs are navigating mall redevelopment and mixed-use conversion.
• Unibail-Rodamco-Westfield: URW (Westfield) is a major global owner and operator of flagship shopping centers with mixed-use strategies around retail anchors — a broad incumbent comparable in mall-redevelopment approach but at global scale rather than West Coast regional focus.

Direct peers

• Regency Centers Corporation: Regency Centers is a publicly traded REIT that owns and operates grocery-anchored neighborhood and community shopping centers, closely mirroring Merlone Geier's core strategy of acquiring and repositioning anchored retail centers along the West Coast.
• Brixmor Property Group: Brixmor is a major owner and operator of open-air shopping centers with a value-add repositioning strategy focused on remerchandising and redevelopment — closely aligned with Merlone Geier's documented asset transformation track record.
• Federal Realty Investment Trust: Federal Realty owns and operates high-quality retail and mixed-use properties in dense, affluent coastal markets — directly comparable to Merlone Geier's vertically integrated model targeting urban infill mixed-use redevelopments such as NOHO West and The Village at San Antonio Center.
• The Macerich Company: Macerich is a California-based mall REIT with significant West Coast exposure, including properties in similar California submarkets. Its focus on mall redevelopment and mixed-use conversion directly parallels Merlone Geier's mall-to-mixed-use repositioning playbook.
• Kimco Realty Corporation: Kimco Realty is one of the largest owners and operators of open-air shopping centers in North America, with similar focus on grocery-anchored community centers and a comparable value-add repositioning playbook across West Coast submarkets.
• Phillips Edison & Company: Phillips Edison owns and operates neighborhood shopping centers anchored by grocery and necessity-based retailers, directly comparable to Merlone Geier's neighborhood center portfolio and tenant mix (Safeway, Trader Joe's, Walmart).
• CIM Group: CIM Group is a Los Angeles-based real estate investment firm focused on urban infill mixed-use developments and value-add repositioning — directly comparable to Merlone Geier's mixed-use strategy and West Coast geographic focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/merlone-geier-partners

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Merlone Geier Partners