Newport Lido Medical Center
Background
Newport Lido Medical Center is a two-building medical office complex located across the street from Hoag Hospital in Newport Beach, CA. Morlin commenced management of this project in December of 2021 following purchase of the building by the owner.
Morlin Management hired an on-site manager and assistant manager for the project and are currently handling property management. We are working with a construction management company who is supervising tenant improvements and a leasing company who is handling lease renewals and leasing of vacant space. As leases renew, rental rates are being increased to market rates and tenant improvements are being provided for spaces that need upgrading.
Common area corridors are being upgraded as well as building systems which include new tenant directories and signage, HVAC upgrades to include chillers and cooling towers, new license identification parking equipment and installation of new energy efficient lighting. The project has on-site engineering, janitorial, parking and security staff managed by Morlin.
Building Name
Newport Lido Medical Center
Location
351 & 361 Hospital Road, Newport Beach, CA 92663
Square Footage
146,510
Building Type
Medical Office Building Complex
