NEWPORT BEACH, CA—Five fee-title buildings and 12 land parcels subject to ground leases in Newport Corporate Plaza have been sold to Kearny a Los Angeles based real estate company, according to a disclosure made exclusively to GlobeSt. The acquisition was a joint venture with AEW. The $41.5 million sale closed Wednesday,
Newport Corporate Plaza, is a 24-building, 20-acre office campus located in Newport Beach
Don Nourse and Jim Nourse of Lee & Associates – Newport Beach, Inc. represented the seller and Gary Stache of CBRE represented the buyer in the transaction.