Wednesday, December 2, 2015

Prime Waterfront Office Property in Newport Beach, CA Across from Balboa Island Acquired by Shopoff Realty Investments and Invesco Real Estate

William Shopoff
Newport Beach, CA. –– Shopoff Realty Investments announced today that the company has partnered with Invesco Real Estate to acquire Bayside Square, a 35,000-square-foot office building, in Newport Beach, Calif.

The asset is uniquely situated directly on the water overlooking beautiful Bayside Marina at the foot of the bridge to prestigious Balboa Island. 

The partnership intends to maintain and improve upon the current operations of the office building, while exploring opportunities to enhance long-term value.

“Bayside Square is a one-of-a-kind property, in a location unlike almost any other, at the heart of some of the most desirable and expensive real estate in the country,” said William Shopoff, chief executive officer of Shopoff Realty Investments. “Our company envisions multiple strategies to unlock the hidden value of this asset.”

“We’re excited about the ability to align our opportunistic capital with a first class, specialized partner in a truly irreplaceable location,” said Chase Bolding, an investment officer with Invesco Real Estate.

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

Jill Swartz
Spotlight Marketing Communications
949.427.5172, ext. 701

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