SANTA ANA, CA-Newport Beach, Calif.-based Davis Partners has acquired a 39,929-sf garden-style office development from Orange County-based commercial property investment firm Newport Federal for $3.8 million.

The 28-year-old property is a two-story development at 2030 E. Fourth St. in Santa Ana, according to Rob Mitchell of Voit Commercial Brokerage. Mitchell, along with fellow Voit brokers Alan Pekarcik and Dan Vittone, represented both the buyer and the seller.

Mitchell notes that Davis Partners is a long-time investor in commercial real estate in Southern California, having worked with him for the past 10 years in acquiring and disposing of investment properties.

The Fourth Street office project was built in 1974 and was renovated most recently in 1991. It was 90% leased at the time of the sale, with office sizes range from 300 to 1,000 sf.

Seller Newport Federal, a real estate investment firm based in Newport Beach, had owned the Santa Ana building for six years before selling it.

The transaction is the second in recent weeks for Newport Federal, which closed a $5.8 million deal in which it sold a 37,263-sf office building in Anaheim to the Los Angeles-based Air Conditioning and Refrigeration Industry Pension Fund. The pension fund will operate a trade school at the property.

The Newport Federal sale to the pension fund was brokered by Voit Commercial, with Pekarcik, Vittone and Mitchell representing the seller, while Mitch Zehner and Louis Tomaselli, also of Voit, represented the buyer.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.