{"id":19600,"date":"2025-10-23T14:29:21","date_gmt":"2025-10-23T14:29:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/19600\/"},"modified":"2025-10-23T14:29:21","modified_gmt":"2025-10-23T14:29:21","slug":"clairemont-mesa-retail-center-sold-for-23-million","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/19600\/","title":{"rendered":"Clairemont Mesa retail center sold for $23 million"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2025\/10\/0.shops_.jpg?ssl=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" width=\"780\" height=\"577\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2025\/10\/0.shops_.jpg\" alt=\"A large lot with parking and a low slung line of buildings in the background with a sign reading &quot;victory&quot; in the center of the lot.\" class=\"wp-image-351887\"  \/><\/a>The Shops at Madison Place in Clairemont Mesa. (Photo courtesy of CBRE)<\/p>\n<p>The Shops at Madison Place, a 53,294-square-foot retail property in Clairemont Mesa, has been sold for $23 million, according to a brokerage.<\/p>\n<p><a href=\"https:\/\/cegadvisors.com\/\" rel=\"nofollow noopener\" target=\"_blank\">CEG Capital Partners<\/a>, based in San Diego, acquired the property from the seller, The Shops at Madison Place LLC.<\/p>\n<p>The property, at 5487-5597 Clairemont Mesa Blvd., is currently 93% leased and features a mix of long-standing tenants, including the Golf Bar, Victory MMA &amp; Fitness, STP Bar and Grill and CosmoProf.<\/p>\n<p><a href=\"https:\/\/www.cbre.com\/offices\/corporate\/san-diego\" rel=\"nofollow noopener\" target=\"_blank\">CBRE\u2019s<\/a>\u00a0Michael Peterson,\u00a0Reg Kobzi\u00a0and\u00a0Rachel Parsons\u00a0represented the seller in the transaction. <\/p>\n<p>\u201cMadison Place is a rare opportunity to acquire a stabilized retail asset with immediate upside through leasing and rent growth, in an undersupplied retail market,\u201d Peterson, a senior vice president said in a news release. \u201cThe marketing process produced multiple offers from retail investors, apartment builders and town home developers.\u201d<\/p>\n<p>After a competitive bidding process, and despite the interest in converting the site to housing, the property is set to remain a retail center. <\/p>\n<p>CEG Capital Partners lists several current and former local holdings on its website, including  Mercury Ronson Plaza, Kearny Square and Convoy Court.<\/p>\n<p>READ NEXT\n\t<\/p>\n","protected":false},"excerpt":{"rendered":"The Shops at Madison Place in Clairemont Mesa. (Photo courtesy of CBRE) The Shops at Madison Place, a&hellip;\n","protected":false},"author":2,"featured_media":19601,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[8865,16258,3010,74,76,75,12092],"class_list":["post-19600","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-diego","tag-cbre","tag-clairemont-mesa","tag-commercial-real-estate","tag-san-diego","tag-san-diego-headlines","tag-san-diego-news","tag-shopping-center"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/19600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=19600"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/19600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/19601"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=19600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=19600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=19600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}