It’s the way we think 
that sets us apart.

TMG Partners has been in the business of developing award-winning, financially-successful, community-based real estate for 40 years. As much as we have accomplished over the last four decades, we believe it is the way we THINK about our region, the risks we manage, the critical timing of our projects and the value we create that sets us apart.
Localism

Real Estate is
a local business.

No, really.

The San Francisco Bay Area is an extremely diverse real estate marketplace with countless micro-business climates teeming with possibility. But you have to be here—and know here—to make the most of the opportunities all around us. Having been exclusively committed to the Bay Area for four decades, we have developed a keen local intuition which gives us a unique advantage in recognizing both the opportunities and risks in this complex market.
Regionalism

We Think 
Mega

If we try to solve our land use problems by focusing
only on the nine Bay Area counties, we will fail.

Michael CovarrubiasChairman & Co-CEO

As the Bay Area’s economy has grown over the last four decades, so too has its challenges—particularly related to transportation, housing, affordability and climate change. To plan for growth of 4 million more people in the next third of a century, TMG is thinking bigger, beyond our nine Bay Area counties, and working on longer term strategies to create greater connectivity across our entire megaregion.
Timing

It’s got to work at low tide as well as high tide.

Some of our best deals are the ones we didn’t do.

Matt FieldCo-CEO

Almost anyone can make money in a positive economic climate. But it takes discipline, depth of market knowledge and experience in all major product types to know when to buy and when to sell. The most profitable deals can be the ones you decide just don’t make sense or are outbid by an “out of town” competitor. Because we are active in our markets on a daily basis, TMG Partners has managed a portfolio through 40 years of market cycles that works in all phases and has withstood the sands of time.
Vision

huh?

Once it’s obvious, it’s too late.

Cathy GreenwoldSenior Advisor

If you wait for the statistical proof to confirm real estate opportunities, you’re looking backwards. TMG Partners has cultivated an approach to studying the business landscape that reveals market opportunities before they become obvious. Our contrarian investment strategy balances optimism and caution with the intent of turning forward-looking investments into no-brainers.
Returns

Redefining IRR

Our measure for success goes beyond profit.

Lynn TolinChief Operating Officer &
Executive Vice President

Most investment professionals have a clear understanding of IRR: Internal Rate of Return, a purely financial measurement of performance. At TMG we use a different definition. For us, IRR means balancing Integrity, Relationships and Results. We measure every aspect of our business through this lens to ensure our partners, communities, tenants and buyers are treated with the highest degree of respect and responsibility while we consistently deliver superior financial performance.
Think
Localism
Regionalism
Timing
Vision
Returns
Close

Close

 

News & Awards.

TMG Partners has won awards for many projects
including honors for “Best Mixed Use,”
“Best Office,” and “Best Historic Rehabilitation”.
In the News. Press Releases. Awards.
Press Release
TMG PARTNERS TO LEAD REPOSITIONING OF 350 ELLIS OFFICE CAMPUS IN MOUNTAIN VIEW
TMG Partners

SAN FRANCISCO/MOUNTAIN VIEW (June 28, 2024) – TMG Partners, one of the San Francisco Bay Area’s largest mixed-use property developers, announced with global investment firm KKR plans to reposition 350 Ellis, a 449,006-square-foot Class A campus at 350-380 Ellis Street in Mountain View, California.

The property is situated in the heart of Silicon Valley and has a high-quality architectural design, flexible floorplans with interconnected layouts across four buildings, and innovative premium amenities. Buildings A, B, C and D are each four-story premier, Class A buildings that are interconnected in a U-shape surrounding the main campus outdoor workspace and amenity area. The connectivity between all four buildings on nearly every floor provides a unique, walkable, and collaborative environment.

TMG and KKR are moving forward with immediate enhancements to 350 Ellis’ suite of amenities and creating a self-enclosed secure campus environment. The planned renovationsinclude a new fitness center, indoor/outdoor café, workplace roof decks, and an improved 2.5- acre outdoor amenity zone with dedicated fresh air workspace. 

Other existing campus amenities at 350 Ellis include move-in ready finishes, open work environments, expansive meeting/conference rooms, kitchen/break areas on each floor, and collaborative space. Additionally, there is a full-service gastropub restaurant and cafeteria, an onsite multi-story parking structure, tennis court, sand volleyball court and numerous outdoor patios.

KKR Real Estate Finance Trust Inc. (NYSE: KREF), a real estate finance company externally managed and advised by an affiliate of KKR, took ownership of the property in June 2024. The new ownership and appointment of TMG positions 350 Ellis to invest in delivering a next- generation workplace with collaboration and innovation at its core. 

Newmark’s Executive Managing Director Jon Mackey, Vice Chairman Mike Saign and Executive Vice Chairman Phil Mahoney are the leasing agents for the property.

About TMG Partners

TMG Partners, founded in 1984 and headquartered in San Francisco, is a full-service real estate development and management company. One of the most active developers in the Bay Area Region, TMG has a portfolio of more than 30 million square feet across Oakland, San Francisco, San Jose, and other Bay Area cities that includes a variety of office, retail, residential, and industrial properties, ranging from office campus and multi-story properties in urban-infill locations to mixed-use and single-story suburban buildings. For detailed information, visit TMG Partners.

 

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