The asset involved in this transaction is a retail property located at 4821 Clairemont Drive in San Diego. The property spans 240,162 square feet and was sold for $107,400,000, averaging $447 per square foot. This sale represents a significant retail transaction within the market, noted as the largest retail sale in the county for the fourth quarter of 2025.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $107,400,000
• Address: 4821 Clairemont Drive
• Market: San Diego
• Sale Price Per Square Foot: $447
• Square Footage: 240,162
• Buyer: David Luski - DRA Advisors; Adam Ifshin - DLC Management Corp.
• Seller: Merlone Geier Management

The transaction involved a joint venture, with DRA Advisors and DLC Management acquiring the two parcels at Clairemont Town Square, enhancing their West Coast grocery-anchored retail portfolio. The acquisition was completed at a 15% premium over the county average due to the center's favorable location and strong anchor tenants.