A five-property portfolio of retail centers within the 23,000-acre master-planned development of Rancho Mission Viejo has been bought by Jacksonville, Florida-based Regency Centers for $357 million.
The Ladera Ranch retail centers – Bridgepark Plaza, Mercantile East, Mercantile West, Terrace Shops and Sendero Marketplace – combine for 630,000 square feet.
The seller was Westar Associates.
Read the August 4 issue for more about the sale.
