Granite Properties Buys 346,334 SF Office Building in Southern California
NEWPORT BEACH, CALIF. — Granite Properties has purchased 100 Bayview — a six-story, Class A office property located in Newport Beach — for undisclosed price.
The 346,334-square-foot building features an on-site fitness center and close proximity to a 250-room Marriott hotel, restaurants, retail and walking trails. The building has undergone a number of renovations. Granite Properties plans to further invest in the property by improving the lobby and outdoor common spaces, including balconies and private patios.
Granite Properties owns and manages six Class A office buildings in Southern California totaling more than 1.7 million square feet.
Eastdil Secured represented the undisclosed seller in the deal.