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California  + Orange County  + Office  | 

Newport Beach Office Acquired for $60M

NKF completed the $59.8-million sale of 4400 MacArthur, a nine-story, Class A office building totaling 156,310 square feet in Newport Beach, CA. The property, which is located within the master-planned Koll Center Newport, is 92% leased.

NKF’s Kevin Shannon, Paul Jones and Blake Bokosky represented the seller, an unnamed East Coast-based pension fund advisor. The buyer, a joint venture between Greenlaw Partners and Hilrod, was self-represented.

“4400 MacArthur was a very rare opportunity to purchase a Class A office tower in the center of the John Wayne Airport submarket in Newport Beach,” said Jones. “The location, in addition to functional floor plates, prominent visibility along MacArthur Boulevard and the asset being within walking distance to the Pacific Club, make the property a great long-term hold for the new ownership.”

Built in 1979 and located on nearly two acres, 4400 MacArthur was extensively renovated from 2014 to 2016.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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