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Acquisition of Uptown Newport Village in Newport Beach, CA

12/24/2010

Acquired Uptown Newport Village on December 24, 2010. The property, currently 90% leased, offers a premier location in the heart of Newport Beach and consists of over 300,000 SF of office/industrial space. The City of Newport Beach is currently in the process of approving plans to develop high-density residential units on the site, which could provide significant upside potential.

 

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