CEG Capital Partners Buys Shops at Madison Place in San Diego for $23M

SAN DIEGO — CEG Capital Partners has acquired Shops at Madison Place, a retail property located at 5487-5597 Clairemont Mesa Blvd. in San Diego, from The Shops at Madison Place LLC for $23 million. At the time of sale, the 53,294-square-foot property was 93 percent leased to a variety of long-standing tenants, including Golf Bar, Victory MMA & Fitness, STP Bar and Grill and CosmoProf. Michael Peterson, Reg Kobzi and Rachel Parsons of CBRE represented the seller in the deal.