![\"\"](\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/10\/san-diego-school.jpg\")
<\/a>District has approved the sale of two unused school sites but is holding onto a third in hopes of attracting a developer, KPBS.org reported.<\/p>\nThe district received bids of $16.5 million each for Barnard Elementary School in Ocean Beach and a similar bid for an elementary school site in Mission Beach. A third property, an undeveloped parcel in Paradise Hills, attracted a $3.1 million bid.<\/p>\n
However, two board members blocked the sale of the Mission Beach site on the ground that finding a development partner would be a better option for the district than selling the property. The board ordered district staff to find an alternative site to sell from among seven designated for disposition.<\/p>\n
In other transaction news, an affiliate of Kleege Enterprises paid $27.3 million for Clairemont Village, a 127,175-square-foot neighborhood center. Pacific Clairemont Holdings I, an affiliate of Essel Manager Inc., sold its property at a slight discount from the $29 million price that it paid for the property in 2005, the San Diego Business Journal<\/em> reported.<\/p>\nLocated at 3005-3033 Clairemont Drive and anchored by Keil\u2019s Food Stores, the center was constructed in 1978 and is 85 percent leased to a tenant roster that also includes HomeTown Buffet, Time Warner Cable, Carls Jr. and McDonalds. Flocke and Avoyer Commercial Real Estate and CBRE Group Inc. represented Pacific Clairemont Holdings; Kleege Enterprises represented itself.<\/p>\n
Image courtesy of sandi.net<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"However, two board members blocked the sale of the Mission Beach site on the ground that finding a development partner would be a better option for the district than selling the property. The board ordered district staff to find an alternative site to sell from among seven designated for disposition.<\/p>\n","protected":false},"author":237,"featured_media":1004506579,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1608],"tags":[],"class_list":["post-1004050147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-san-diego"],"acf":[],"yoast_head":"\n
School District Sells Surplus Sites; Retail Center Fetches $27M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/school-district-sells-surplus-sites-retail-center-fetches-27m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"School District Sells Surplus Sites; Retail Center Fetches $27M\" \/>\n<meta property=\"og:description\" content=\"However, two board members blocked the sale of the Mission Beach site on the ground that finding a development partner would be a better option for the district than selling the property. 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