Barings buys OC shopping center in one of the priciest retail deals this year

Barings has picked up an Orange County shopping center in one of the region’s priciest retail transactions so far this year.  Charlotte, North Carolina-based Barings bought Village Center at Rose, a roughly 119,000-square-foot retail complex at 600-858 North Rose Drive in Placentia, for $66.2 million, L.A. Business First reported. Bethesda, Maryland-based First Washington Realty sold the center four years after buying it in 2022 from Donahue Schriber Realty, which acquired the property in 1997. The fully leased property, built in 1996, is anchored by a Ralphs grocery store that takes up 37 percent of the property and has been there […]

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