Tuesday, September 1, 2015

HFF closes $72.275 million sale of landmark office building in Newport Beach, CA


1301 Dove Street, Newport Beach, CA

 
Ryan Gallagher
IRVINE, CA –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $72.275 million sale of 1301 Dove, a 202,178-square-foot, landmark Class A office asset in Newport Beach, California.

HFF marketed the asset on behalf of the seller, MetLife Real Estate Investors.

The property is located at 1301 Dove Street with easy access to the Corona Del Mar, Newport Beach/Costa Mesa and San Diego Freeways in Newport Beach.  This location places the asset within a mile and a half of the John Wayne Airport and close to executive housing in Newport Beach, Newport Coast, Corona Del Mar and Laguna Beach.

 Originally built in 1980, 1301 Dove was renovated in 2004 and again in 2014.  The 10-story property is 86 percent leased to tenants including Alliant Insurance, Birch Street Systems and iMortgage.

The HFF investment sales team representing the seller was led by senior managing director Ryan Gallagher, managing director Mike McCann, associate director Derreck Barker and director Tim Geiman.

 For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com



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