Kearny and AEW JV purchased five buildings and 12 parcels at Newport Corporate Plaza for $41.5 million.

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.