NEWPORT BEACH, CA—Five fee-title buildings and 12 land parcels subject to ground leases in Newport Corporate Plaza have been sold to Kearny a Los Angeles based real estate company, according to a disclosure made exclusively to GlobeSt. The acquisition was a joint venture with AEW. The $41.5 million sale closed Wednesday,

Newport Corporate Plaza, is a 24-building, 20-acre office campus located in Newport Beach

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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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.

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