Clarion Partners and HP Investors have sold a collection of three core, single-tenant net-leased assets totaling 194,303 square feet within the Gateway at Kearny Mesa retail destination in the Kearny Mesa submarket within San Diego.
The new owner was not disclosed; however, a private investor acquired the asset for $89.8 million.
The fully leased assets are home to three national tenants, including the global discount department store Food 4 Less and Prime Car Wash/Jiffy Lube. The properties were constructed in 2001 and are positioned on 18.81 acres as part of the larger, 30-acre Gateway at Kearny Mesa retail destination, which features dozens of the most popular retailers in the market.
Situated at 7215 Clairemont Mesa Blvd. and 4840 and 4995 Shawline St., the properties are adjacent to Interstate 805 and visible to more than 196,400 vehicles per day. Kearny Mesa is on the brink of a transformation that is reimaging the area as a modern, urban village. The affl
