ORANGE, CA-Stamford, CT-based GE Asset Management has acquired the 386,011-sf Orange City Square office and retail development, with Birtcher Anderson Realty of San Juan Capistrano acting as investment adviser. Terms of the deal were not disclosed, but industry sources peg the price at $130 million.

Bob Anderson, chief executive officer for Birtcher Anderson, tells GlobeSt.com that Birtcher Anderson, in addition to acting as the investment adviser and underwriter for the acquisition, will provide asset, property management and leasing administrative services under an incentive management contract. The property, one of the largest single office and retail assets to come onto the market in Orange County recently, attracted multiple offers.

The four-building Orange City Square property is located off the 22 Freeway at 750, 770, 790 and 840 the City Dr. South in Orange. The complex, which is visible from the 22 Freeway, is composed of three mid-rise class A office buildings totaling 373,619 sf and a support retail pavilion totaling 12,392 sf.

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