IKEA’s Shopping Centers Arm Buys San Francisco Mall in Its First US Real Estate Deal

An IKEA furniture store is seen reflected on the facade of a shopping mall owned by IKEA's malls arm Ingka Centres, on the outskirts of Stockholm, Sweden Aug. 23, 2020. Anna Ringstrom/Reuters

STOCKHOLM—IKEA’s shopping centers business has made its first U.S. real estate acquisition, buying the 6X6 mall in San Francisco, after telling Reuters in May it was engaged in several negotiations for inner-city acquisitions in the United States.

It bought the 6X6 mall from Alexandria Real Estate Equities Inc and TMG Partners, an Ingka Centres spokesman said.