JLL Capital Markets successfully completed the recapitalization of Lido Marina Village, a 3.06-acre mixed-use shopping center located in Newport Beach. The existing ownership, DJM Capital and Arc Capital Partners, partnered with Belay Investment Group for the transaction with Redwood West joining as a new partner.
As part of this deal, Arc Capital Partners and Belay Investment Group exited their previous partnership. JLL also secured financing through a trusted life company relationship.
Originally built in 1971 and renovated in both 2016 and 2022, Lido Marina Village offers over 77,000 square feet of retail space and nearly 29,000 square feet of office space. This popular destination attracts approximately 1.5 million visitors annually thanks to its prime coastal location. Since acquiring the property in 2013,DJM has made significant renovations that have greatly improved its layout and appearance.
The JLL team responsible for this successful transaction included Managing Directors Bryan Ley,Goeff Tranchina,and Gleb Lvovich,S enior Director Tim Kuruzar,and Director Daniel Tyner on the investment sales advisory side.Senior Managing Director Jeff Sause,S enior Director John Marshall,andDirector Alex Olson ledthe debt advisory team at JLL.
This recent development marks another milestone for DJM’s ongoing successin revitalizing properties like Lido Marina Village into thriving destinationsfor localsand tourists alike.
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