SAN DIEGO — The McGrath Family has completed the disposition of a retail portfolio encompassing 294,428 square feet along Clairemont Mesa Boulevard and Shawline Drive in San Diego’s Kearny Mesa submarket. New York-based Clarion Partners and San Diego-based HP Investors acquired the portfolio on behalf of one of the partnership’s commingled funds for $107.1 million.
Situated on 29 acres, the portfolio consists of six single-tenant retail properties and one retail strip center. Tenants at the fully leased portfolio include Walmart, LA Fitness, McDonald’s, Food 4 Less, Starbucks Coffee, Verizon and Chipotle, among others.
Randy LaChance and Mark Caston of Voit Real Estate Services represented the seller in the transaction. The buyer was self-represented in the deal.