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Mx3 Ventures has acquired Yorba Linda Town Center, a 125,000-square-foot retail property in Yorba Linda, Calif., from Zelman Development Co., according to CommercialEdge information. The property traded for $55.7 million, or approximately $446 per square foot. Morgan Stanley Bank originated a $38 million acquisition loan on behalf of the buyer.

Yorba Linda Town Center came online in 2019 at 18421 Yorba Linda Blvd. The property encompasses nine buildings across an 8-acre site and houses tenants such as First Bank, Bristol Farms, Habit Burger & Grill, as well as several other eateries and cafés, the same data provider shows.