S
agard Real Estate has sold a five-building office campus in Tustin, California for $27.5 million. The 185,000-square-foot Tustin Financial Plaza, located at East 17th Street, was acquired by the Denver-based company led by Rick Stone in 2006 for an undisclosed price. The buyer's identity remains unknown.

    The sale translates to $149 per square foot and represents a significant transaction in the Orange County market. CBRE's Anthony DeLorenzo, Sammy Cemo, Bryan Johnson, and Greg Sullivan represented Sagard in the deal, which drew 22 offers from interested parties.

    At the time of sale, the office campus was 70% occupied, featuring a distinctive "late modern/new formalist" design with long columnar windows. As part of its broader strategy to reduce its office portfolio, Sagard has shifted focus towards industrial and multifamily investments.

    With $4.7 billion in assets under management across offices in New York, Charlotte, Austin, Los Angeles, and San Francisco, Sagard Real Estate continues to expand its investment reach.