Clairemont Village Shopping Center sells for $27.3 Million

Clairemont VillageThe $27.3 million purchase of the 127,175-square-foot Clairemont Village Shopping Center in Clairemont Mesa is the latest addition to Kleege Enterprises‘ $300 million portfolio (see accompanying story).

The buyer of Clairemont Village Shopping Center, Clairemont Village Quad LLC, is a unit of San Diego-based Kleege Enterprises, with R. Bruce Kleege as its managing member.

The seller, Clairemont Village LP, is a unit of Essel Manager Inc., of San Diego.

“The sale of Clairemont Village at this type of pricing is another indication of the extraordinary demand for Southern California retail properties and reflects the current need for investors to place an inordinate amount of capital,” said Rick Puttkammer, of Flocke & Avoyer Commercial Real Estate, which co-represented the seller.

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Category : Blog &Clairemont Housing News &What's Happening in San Diego

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