The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
November 19, 2019
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ORANGE COUNTY NEWS
Printer-friendly Version   Email an Associate
Major Portion of The Village at Orange Retail Center Traded between Investors

11/30/16

A majority, 468k sf portion of The Village at Orange, an 850k sf retail center in the Orange County city of Orange, has sold for $84.5 mil, or about $180/sf. The transaction between two unnamed institutional investors did not include the Sears and JCPenney stores at the center, which are separately owned.

The Village at Orange is situated at 1500 East Village Way, adjacent to the 55 Fwy and approximately 1.5 miles south of the 91 Fwy in the heart of Orange County. Surrounded by some of Southern California’s wealthiest and most desirable neighborhoods, the property caters to a high-income customer base and delivers high-quality national tenants to a historically underserved retail trade area.

Currently undergoing redevelopment, the center incorporates an indoor regional mall, which will be partially converted to open-air retail upon completion of renovations, and also a smaller adjoining community center component. In addition to the separately-owned Sears and JCPenney, tenants include Walmart, Trader Joe’s, Sprouts Farmers Market, Ross Dress for Less, Ulta, Home Goods, Party City and PetSmart. The property was 92 percent leased at the time of sale.

Bryan Ley, Gleb Lvovich and CJ Osbrink with HFF represented the seller in the transaction.





Return to the Archive page


 


 


 


 
 





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media