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NEWPORT BEACH, CALIF. — Buchanan Street Partners has acquired WorkScapes, an 82,660-square-foot creative office campus in Newport Beach, for $14.5 million. The six-building campus is located at 20321-20371 Irvine Ave. Notable tenants include the Newport Beach Chamber of Commerce, Life Generations Health Care and P11 Creative Inc.
The seller, Hackman Capital Partners, was in the process of converting the campus into a creative office space at the time of sale. Buchanan plans to complete the repositioning. Hackman was represented by CBRE’s Gary Stache, Pat Scruggs and Anthony DeLorenzo. The firm’s Simon Dillon, Justin Hill and Jason Katz will also handle the campus’ leasing efforts.