JLL Capital Markets successfully completed the recapitalization of Lido Marina Village, a 3.06-acre mixed-use shopping center in Newport Beach. The existing ownership, DJM Capital and Arc Capital Partners, partnered with Belay Investment Group for this transaction while Redwood West joined as a new partner.
As part of the deal, Arc Capital Partners and Belay Investment Group exited their previous partnership. JLL also secured financing from a life company through its strong relationships.
Originally built in 1971 and renovated in both 2016 and 2022, Lido Marina Village boasts over 77,000 square feet of retail space and nearly 29,000 square feet of office space. With an annual footfall of around one-and-a-half million visitors annually since its acquisition by DJM in 2013,the property has undergone significant renovations that have greatly enhanced its format and appearance.
The JLL team responsible for this successful transaction included Managing Directors Bryan Ley,Gleb Lvovich,and Geoff Tranchina along with Senior Director Tim Kuruzarand Director Daniel Tyner.The Debt Advisory team was led by Senior Managing Director Jeff SausealongsideSenior Directors John Marshalland Alex Olson.This achievement marks yet another milestone for JLL’sCapital Markets divisionin securing profitable investmentsfor our clients.
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