Granite Properties Sells 346,300 Square Foot Office At 100 Bayview Circle Newport Beach

Granite Properties sold its Class A office property located at 100 Bayview Circle in Newport Beach, CA, which boasts a total square footage of 346,300. This six-story, two-building property was 88% leased to 36 tenants.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Undisclosed
• Address: 100 Bayview Circle
• Market: Newport Beach, CA
• Asset Size: 346,300 SF
• Seller: Will Hendrickson - Granite Properties
• Broker Representatives: Kevin Shannon, Paul Jones, Ken White & Brandon White - Newmark
• Mortgage Brokers: Jonathan Firestone & Blake Thompson - Newmark

Newmark played a key role in advising Granite Properties on both the sale and financing of the property, facilitating the transaction between Granite and a private investor.