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| 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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