MISSION VIEJO, CA-Passco Real Estate Enterprises Inc. has bagged another retail property for its portfolio, as it has acquired Jeronimo Business Center for $12.3 million.

The Mission Viejo shopping complex stands on a 7.21-acre site at 25800 Jeronimo Rd., just east of Alicia Parkway. Encompassing 84,812 sf, it is currently 96% occupied. Tenants here include Frazee Paint & Wallcovering, Kinko’s, Hertz Rent-a-Car, Jack In The Box and Papa John’s Pizza, as well as automotive care tenants and home improvement retailers.

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