Lionstone Investments buys Newport Beach, Calif., medical office complex

Lionstone Investments purchased the 146,510-square-foot Newport Lido Medical Center in Newport Beach, Calif.

The two-building medical office complex is fully leased, with Hoag Hospital Newport Beach Surgery Center and Prime Surgical Center as anchor tenants.

The property was previously owned by Newport Lido Medical and changed hands for $125 million in cash, Commercial Property Executive reported, citing Orange County records.

JLL Capital Markets represented the seller.