# SF Centre Mall Lands New York Buyer

> New York firm wins bid to revitalize San Francisco's dead mall.
- Title: SF Centre Mall Lands New York Buyer | Shortify
- Summary: New York firm wins bid to revitalize San Francisco's dead mall. Seven Equity Group, a New York investment firm, will purchase the vacant San Francisco Centre…
- Keywords: seven equity group, san francisco centre mall, unibail-rodamco-westfield, brookfield properties, deutsche bank, jpmorgan chase, bondholders, redevelopment, news, local, Centre, Mall
- Source: The San Francisco Standard — https://sfstandard.com/2026/10/22/san-francisco-centre-mall-second-auction-winner
- Published: 2026-10-23T01:40:53+00:00
- Read time: 1 min
- Topics: seven equity group, san francisco centre mall, unibail-rodamco-westfield, brookfield properties, deutsche bank, jpmorgan chase, bondholders, redevelopment, news, local
## Second auction for vacant mall
The San Francisco Centre Mall was auctioned off for a second time after previous buyers walked away.
## New York firm wins bid
Seven Equity Group, a New York investment firm specializing in distressed retail, won the auction to purchase the mall.
## Mall's debt history
The mall was foreclosed upon after Westfield and Brookfield defaulted on a $558 million mortgage from 2016.
## Bondholders now own mall
Bondholders, who previously bought the debt from Deutsche Bank and JPMorgan Chase, now own the vacant property.
## Mall valued at $130 million
Sources say the vacant mall is valued at around $130 million with redevelopment costs to follow.
## Previous buyer walked away
The mall was initially auctioned to Presidio Bay and Prado Group, but they walked away after months of negotiations.
## Mall's school district lease
The school district owns 75,000 square feet of land beneath the property and leases it to the mall owner.
## Firm's past deals
Seven Equity Group previously bought a property at 25 Taylor St. and two Mission Street buildings for $15.5 million.
## Key takeaway

Seven Equity Group, a New York investment firm, will purchase the vacant San Francisco Centre Mall for $130 million to redevelop it.