Archer & REDA Invest $18.5MM to Create Newport Beach Medical Outpatient Center

NEWPORT BEACH, Calif. – A joint venture between Archer Property Partners (“Archer”) and Real Estate Development Associates (“REDA”) has acquired the 78,000-square-foot office building at 3300 Irvine Avenue, with plans to transform it into a state-of-the-art medical outpatient building (MOB). [After paying $18.5 million, $237 per square foot for the property,] the partnership received unanimous […]