Granite Properties sold its 346,300-square-foot office building at 100 Bayview Circle in Newport Beach, California. An L.A. Business First report states the building was 88% leased at the time to 36 tenants.
Newmark brokers Kevin Shannon, Paul Jones, Ken White and Brandon White represented the seller in the transaction. Newmark’s Jonathan Firestone and Blake Thompson handled financing for the buyer, a private investor.
Granite Properties bought the property for $125.6 million in 2018 from AEW Capital Management…