Key Takeaways
- • JLL Capital Markets closed the recapitalization of Lido Marina Village, a 3.06-acre waterfront mixed-use asset in Newport Beach, California, with new capital sourced through a relationship life company and secured by managing directors Bryan Ley, Geoff Tranchina, and Gleb Lvovich.
- • The property achieved 100% occupancy across 77,922 square feet of retail and 28,694 square feet of office space, anchored by upscale tenants including Nobu, Warby Parker, and Circle Hook Fish Company, attracting 1.5 million annual visitors.
- • DJM Capital retained primary ownership while Arc Capital Partners and Belay Investment Group exited the original partnership; Redwood West joined as a new partner in the recapitalization structure.
- • The asset underwent major renovations in 2016 and 2022 following DJM's 2013 acquisition, transforming its market positioning as a luxury coastal destination featuring waterside retail, high-end dining, creative office space, and a 47-slip marina deck.
Summary
JLL Capital Markets announced on February 7, 2024, the successful recapitalization of Lido Marina Village, a premium waterfront mixed-use shopping center spanning 3.06 acres in Newport Beach, California. The transaction involved refinancing and partnership restructuring, with DJM Capital maintaining its anchor ownership position while Arc Capital Partners and Belay Investment Group exited the original partnership. Redwood West entered as a new equity partner, and the deal secured debt financing through a relationship life company.
The property represents a mature, fully stabilized asset with strong operational metrics. Built in 1971 and substantially renovated in 2016 and 2022, Lido Marina Village currently operates at 100% occupancy, combining 77,922 square feet of retail space with 28,694 square feet of office space. The asset serves approximately 1.5 million visitors annually, supported by an affluent customer base drawn to its distinctive waterfront positioning and curated tenant roster. Prime tenants include Nobu, Zinque, Malibu Farm, Circle Hook Fish Company, Aesop, Warby Parker, and LoveShackFane, alongside lifestyle brands including Elyse Walker, Faherty, and Curl Fitness.
Since acquiring Lido Marina Village in 2013, DJM Capital has strategically transformed the property through extensive capital improvements and tenant curation, rebranding it from a conventional shopping center into a luxury lifestyle destination known for waterside dining, shopping, and creative office space. The property's 47-slip marina deck provides direct bay views and serves as a primary amenity supporting its positioning as an upscale mixed-use environment. The pedestrian-friendly village format and dramatic water views create a differentiated asset profile within the Newport Beach coastal real estate market.
The JLL Capital Markets team executing the transaction was led by Managing Directors Bryan Ley, Geoff Tranchina, and Gleb Lvovich, supported by Senior Director Tim Kuruzar and Director Daniel Tyner. The recapitalization reflects continued institutional demand for stabilized, high-occupancy mixed-use coastal assets with strong tenant quality and visitor traffic profiles, particularly in premier Southern California markets.
The property represents a mature, fully stabilized asset with strong operational metrics. Built in 1971 and substantially renovated in 2016 and 2022, Lido Marina Village currently operates at 100% occupancy, combining 77,922 square feet of retail space with 28,694 square feet of office space. The asset serves approximately 1.5 million visitors annually, supported by an affluent customer base drawn to its distinctive waterfront positioning and curated tenant roster. Prime tenants include Nobu, Zinque, Malibu Farm, Circle Hook Fish Company, Aesop, Warby Parker, and LoveShackFane, alongside lifestyle brands including Elyse Walker, Faherty, and Curl Fitness.
Since acquiring Lido Marina Village in 2013, DJM Capital has strategically transformed the property through extensive capital improvements and tenant curation, rebranding it from a conventional shopping center into a luxury lifestyle destination known for waterside dining, shopping, and creative office space. The property's 47-slip marina deck provides direct bay views and serves as a primary amenity supporting its positioning as an upscale mixed-use environment. The pedestrian-friendly village format and dramatic water views create a differentiated asset profile within the Newport Beach coastal real estate market.
The JLL Capital Markets team executing the transaction was led by Managing Directors Bryan Ley, Geoff Tranchina, and Gleb Lvovich, supported by Senior Director Tim Kuruzar and Director Daniel Tyner. The recapitalization reflects continued institutional demand for stabilized, high-occupancy mixed-use coastal assets with strong tenant quality and visitor traffic profiles, particularly in premier Southern California markets.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.