IRVINE, CA -The Orange County office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of 3355 and 3388 Via Lido, office buildings totaling 49,886 square feet in Newport Beach, California.
HFF senior managing director Ryan Gallagher (top right photo) and director Kelly Rohfeld (middle left photo) along with local market specialist John Pomer of Grubb and Ellis led the investment sales team on behalf of the seller. Conrad Management purchased the portfolio for $13.6 million.
3388 Via Lido is a five-story office property that features 110 linear feet of bay frontage with boat slips on the Newport/Lido Channel. 3355 Via Lido has three stories of office space and is located across the street from the channel with water views. Both properties have immediate proximity to Lido Marina Village in Newport Beach.
“The buyer and their consultant Marshall Development have created an exceptional vision for the 3388 Via Lido building. The building’s five-story height is well above today’s current zoning code, and from the top floors you have ocean and bay views. This project will be the catalyst for the regentrification of Lido Marina Village,” said Gallagher.
Contacts:
Ryan Gallagher, HFF Senior Managing Director, Ca. Lic. # 01269918,
(949) 2538800, rgallagher@hfflp.com , Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500,
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