Village at Orange Mall Sold for $100 Million

The Village at Orange, a regional mall in Orange, was sold for $100 million to a group of investors in a tax-deferred real estate exchange.

Passco Real Estate Enterprises Inc. and more than 30 individual investors bought the 61-acre property from Rawson, Blum & Leon, a San Francisco developer, said Christian Mirner of 1031 Exchange Options, a Walnut Creek firm that represented about half of the individual investors.

The 853,350-square-foot center on East Village Way opened in 1971 as the Mall of Orange. The sellers spent $57 million on a renovation and renamed the property last year. Tenants include Wal-Mart, Sears, JC Penney, Cost Plus World Market and Old Navy.