JLL Capital Markets has announced the $90M sale of a collection of three core, single-tenant net-leased assets totaling 194,000 square feet in the Kearny Mesa submarket of San Diego. JLL represented the seller, Clarion Partners, LLC and HP Investors while the buyer was a private investor.

The properties are located along Clairemont Mesa Boulevard and Shawline Street, adjacent to Interstate 805 and are visible to nearly 200,000 vehicles a day. They are fully leased to three national tenants, including Food 4 Less and Jiffy Lube, and are part of the 30-acre Gateway at Kearny Mesa retail destination.

“Gateway at Kearny Mesa is a truly special property,” said Gleb Lvovich, a member of the JLL team involved in the transaction. “It was great to work with our multi-housing team to develop a strategy for the sale and thesis for the embedded value and long-term upside of the retail component.”