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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
- ◦Sale/Acquisition


