Kingsbarn Realty Capital and Barker Pacific Group Acquire Mission Ridge in Orange County from Barings for $32 million

Mission Viejo, California (March 28, 2025)— Kingsbarn Realty Capital (“Kingsbarn”) and Barker Pacific Group (“BPG”) announced the acquisition of Mission Ridge, a prestigious Class A office complex in the heart of southern Orange County, California, from Barings for $32 million.

Consisting of two four-story office buildings at 27101 & 27201 Puerta Real in Mission Viejo, Mission Ridge is a diverse multi-tenant property featuring 232,000 square feet of leasable office space.

The buyers worked closely with CBRE’s team of Sean Sullivan, Todd Tydlaska, Anthony DeLorenzo, Mike Longo, Grant Goldman, Sammy Cemo, Bryan Johnson, and Melissa Moock on the sale and Greg Grant and Pete Obradovich on the debt. BPG, who will manage the property, also retained the existing CBRE leasing team. Mission Ridge was previously acquired by Barings in 2013 for $54,750,000 ($234/SF) from PGIM (Prudential). BPG and Kingsbarn purchased it for about $137 per square-foot. The property is being delivered at more than 55 percent leased and current tenants include Partners Bank of California, Wells Fargo Advisors, Stifel, Nicolaus & Company, Fidelity, Maguire Insurance, US Investment Corp, and Charles Shwab.

“We are acquiring the highest quality office asset in the submarket for an extremely compelling basis, which will allow us to compete favorably in the marketplace,” said Mark Handin, managing principal at BPG. “Mission Ridge makes an excellent addition to our office portfolio, which now includes more than one million square feet in Orange County.”

Mission Ridge marks the third joint venture between BPG and Kingsbarn in the Orange County office market. In 2021, the two companies teamed up to purchase Fullerton Towers and in 2023 acquired Griffin Towers.

“Mission Ridge represents a prime opportunity to invest in a high-quality, well-located asset with strong leasing momentum,” said Jeff Pori, CEO of Kingsbarn. “Its desirable location and sought-after amenities make this an attractive investment opportunity.”

Built in 2000, Mission Ridge was substantially renovated in 2021 with new lobbies and entry doors; refreshed restrooms; enhanced wayfinding and exterior signage; new conference center and tenant lounge; refreshed fitness facility with showers and locker rooms; new exterior paint refresh; and the installation of an outdoor putting green. Mission Ridge has beautifully landscaped grounds with shaded, outdoor seating, picnic areas, and fountains.

“We believe in the future of high-quality office environments with great locations and robust amenities which Mission Ridge offers its tenants – regardless of the current market challenges for owners of office building,” said Will Dickinson, vice president at BPG.

Mission Viejo is an affluent suburban community in southern Orange County between Los Angeles and San Diego. Conveniently located near executive housing options in a city filled with major employers, entertainment options, and natural amenities, the property is strategically positioned along Interstate 5 with strong visibility and easy access to anywhere in Orange County or beyond on Southern California’s primary freeway.

ABOUT KINGSBARN REALTY CAPITAL
Kingsbarn Realty Capital is a real estate-centric investment house that provides institutional and accredited private investors access to an array of alternative investments. Kingsbarn offers investments in private equity, exchange-traded funds, traditional investment funds, private capital, managed accounts, and Delaware Statutory Trusts (DSTs). Additionally, Kingsbarn’s management team has wide-ranging experience developing, managing, operating, and sponsoring a diversified portfolio of stabilized, income-driven properties as well as ground-up construction, value-added offerings, opportunity zone investments, and entitlement projects. Kingsbarn has over $2.3 billion of assets under management and has acquired over 310 properties throughout the United States. The company currently has a development pipeline of over $2 billion consisting of multifamily, student housing, medical, industrial, retail, and hospitality. For further information, visit www.kingsbarn.com.

ABOUT MISSION RIDGE
Mission Ridge is a prestigious multi-tenant, multi-industry property featuring 232,000 square feet of leasable Class A office space in the heart of Orange County, California. Consisting of two four-story office buildings at 27101 & 27201 Puerta Real in Mission Viejo, the complex is strategically located along Interstate 5 between Los Angeles and San Diego with strong visibility and easy access to anywhere in Orange County or beyond on Southern California’s primary freeway. Built in 2000, Mission Ridge was fully renovated in 2021. Barker Pacific Group and Kingsbarn Realty Capital acquired the property in 2025. For more information, visit www.missionridgeoc.com.

ABOUT BARKER PACIFIC GROUP
Barker Pacific Group (BPG) founded more than 40 years ago, is comprised of experienced real estate professionals active in asset management, acquisitions, and the development of major commercial projects. BPG developed 100 First Plaza in San Francisco and owns and manages One Sansome Street. Some of the firm’s other notable projects include Hamilton Landing and Rowland Plaza in Marin County; The Fine Arts Building, 626 Wilshire Blvd., and 5055 Wilshire Blvd. in Los Angeles; 101 Continental in El Segundo, Calif.; City Square in Phoenix; and Tower 300 in Las Vegas. BPG has offices in San Francisco, Los Angeles, Phoenix, Sacramento, and Las Vegas. The company specializes in developing and acquiring institutional-quality office, retail, and residential projects in select U.S. cities. For more information, visit www.barkerpacific.com.