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GE Buys Orange City Square for $130M

ORANGE, CA-Stamford, CT-based GE Asset Management acquires the 386,011-sf Orange City Square, with Birtcher Anderson Realty acting as investment adviser.

By Bob Howard | Updated on September 25, 2007

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.

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