In 2017, Hines, in a joint venture with Goldman Sachs, acquired 4000 MacArthur, a Class A office project consisting of two, 10-story buildings totaling 376,280 rentable square feet in Newport Beach, CA.
Located within the Airport Area submarket, 4000 MacArthur has immediate proximity to executive housing, hotels, shopping, dining and fitness clubs. Situated within the 179-acre Koll Center Newport at the major intersection of MacArthur Boulevard and Jamboree Road, 4000 MacArthur has prominent visibility, provides convenient access to the SR-73 and I-405 Freeway, and is only one-half mile from the John Wayne Airport. Recent building improvements include a new curtainwall façade, two fully renovated main lobbies, new restrooms, new corridors, new individual elevator lobbies, new parking and landscaping, new outdoor seating areas, and a new on-site café.
