Tinder founder Justin Mateen and brother Tyler Mateen have snatched up Wilshire Rodeo Plaza in Beverly Hills for $211 million.

The pair plans to rebrand the Golden Triangle business center as One Rodeo and attract leading retail tenants to maximize its potential, according to a release.

“We are grateful to be acquiring these buildings at a time when institutional investors feel pressure to reduce their office footprint,” Justin Mateen said. “We look forward to giving the retail spaces the love and attention they deserve as Rodeo Drive retail is fully leased and our buildings are the only natural continuation.”

The plaza is a Class A office and retail complex spanning 300,000 square feet at the corner of Rodeo Drive and Wilshire Boulevard. The entire property includes three six-story office and retail buildings along Wilshire Boulevard as well as one three-story office building on Rodeo Drive.

Currently, the complex is home to tenants including Merrill Lynch/Bank of America, UBS, William Morris Endeavor and Encore Recordings.

As part of the rebrand, the Mateens plan to upgrade and program the buildings to cater to luxury retail and office tenants. It is unclear whether this means replacing its current roster.

“Iconic buildings such as One Rodeo will continue to benefit from increased demands as the trend toward high-quality assets continues to unfold in a post-Covid world,” Tyler Mateen said. “We are excited to acquire and reposition one of Southern California’s landmark retail and office buildings.”

Tyler Mateen, who is the chief executive of real estate investment firm Cannon TTM, acquired the HHLA Entertainment Center in Westchester for $80 million just last year.

The Mateens also worked alongside brother-in-law Pouya Abdi of Parallel Acquisitions in securing the Beverly Hills purchase. Quantum Capital Partners advised on the debt for all three buyers who received a loan from J.P. Morgan. Nuveen was the seller.