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Kearny Real Estate Purchases Property and Land Parcel for $41.5 million


NEWPORT BEACH, Calif. – June 20, 2014—Kearny Real Estate Company has purchased an Orange County property and land parcel for $41.5 million.

The Los Angeles-based company, which is active in the acquisition, entitlement and land development, development, repositioning, distressed debt workouts, leasing, management and disposition of commercial projects in California, purchased five fee title buildings and 12 land parcels subject to ground leases in Newport Corporate Plaza, a 24-building, 20 acre office campus in Newport Beach. The acquisition was a joint venture with AEW.

 Don Nourse and Jim Nourse of Lee & Associates – Newport Beach, Inc. represented the seller and Gary Stache of CBRE represented the buyer in the transaction.




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06/23/2014 - 09:00


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