NEWPORT BEACH, CA-A Newport Beach office building has been snatched up by Camco Pacific Construction Co. Inc., which plans to relocate it corporate facilities to the newly acquired building next year.

Camco Pacific has paid $2 million for the facility, which stands adjacent to the University Athletic Club. The two-story building is located on a 30,000-sf parcel at 1811 Quail St. Encompassing 10,446 sf, it is larger than the construction company’s current headquarters in Costa Mesa.

Camco Pacific has acquired the building from SRS Technologies, which has relocated its headquarters to Commerce Plaza Office Park. SRS Technologies now occupies 10,000 sf at the nearby office complex, which is located at 1800 Quail St.

Both Camco Pacific and SRS Technologies were represented by George Economos and Steve Economos of NAI Capital Commercial.

The Newport Beach office sector wrapped up the third quarter with an overall vacancy rate of 11.7%.

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