Voit Commercial brokers Alan Pekarcik and Dan Vittone represented BCSDProperties, while Gregg Haley and Jerry Nourse of CB Richard Ellisrepresented the seller.
Haley tells GlobeSt.com that Newport has a 10-year lease at the complex,the first phase of which was built in 1973 and the last part of whichwas constructed in 1989. The property underwent a major renovation in 1991.
Publicly held Newport Corp. is a global supplier of advanced technologyproducts and systems to the semiconductor, communications, electronicsand research markets. Its three-building complex is at 1771 and 1791Deere and 16700 Aston in Irvine, where Newport operations includemanufacturing, sales, support and administration. The complex consistsof a two-story office building, a single-story manufacturing facility,and an office/engineering building.
The technology company has nine international subsidiaries and 24 salesoffices worldwide. In Irvine, the company develops new products, designsand assembles prototypes, coats and produces optics and vibrationcontrol systems, and machines and assembles precision devices.Established in 1969 as Newport Research Corp., the firm has beenheadquartered at its current location since 1992.
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