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Lionstone Acquires Two-Building Newport Beach MOB
JLL Capital Markets facilitated the sale of Newport Lido Medical Center, a 146,510-square-foot, two-building medical office complex in Newport Beach. The firm marketed the property on behalf of an undisclosed seller. Lionstone Investments acquired the property in an all-cash transaction.
The two-building medical office complex is 100% occupied by a diverse mix of healthcare tenants providing stable and predictable cash flow. The property is anchored by Hoag Hospital Newport Beach Surgery Center and Prime Surgical Center.
The JLL Healthcare Capital Markets team representing the seller was led by senior managing directors Andrew Milne and Evan Kovac, managing director John Chun and director Matt DiCesare, with support from Niema Beglari, Trent Jemmett and Chad Prescher. Senior director Blake Bokosky and director Mark DeGiorgio of JLL’s Orange County office provided local expertise. Additionally, managing director Monica Enes and VP Kellie Hill of JLL’s healthcare brokerage team provided local healthcare expertise.
- ◦Sale/Acquisition
