The Shops at Madison Place, a 53,294-square-foot retail property in Clairemont Mesa, has been sold for $23 million, according to a brokerage.

CEG Capital Partners, based in San Diego, acquired the property from the seller, The Shops at Madison Place LLC.

The property, at 5487-5597 Clairemont Mesa Blvd., is currently 93% leased and features a mix of long-standing tenants, including the Golf Bar, Victory MMA & Fitness, STP Bar and Grill and CosmoProf.

CBRE’s Michael Peterson, Reg Kobzi and Rachel Parsons represented the seller in the transaction.

“Madison Place is a rare opportunity to acquire a stabilized retail asset with immediate upside through leasing and rent growth, in an undersupplied retail market,” Peterson, a senior vice president said in a news release. “The marketing process

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