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Sagard Reduces Office Exposure with Sale of Tustin Financial Plaza
Sagard Real Estate, formerly EverWest Real Estate Investors, completed the $27.5-million sale of Tustin Financial Plaza, a five-building office campus located in Tustin, to a local private investor. The transaction advances Sagard’s ongoing strategy to reduce office exposure within its portfolio and focus on industrial and multifamily investments.
“We continue to execute our strategy of reducing office sector exposure,” said John Maurer, head of equity at Sagard. “This sale is another step in our broader portfolio repositioning, with a clear focus on industrial and multifamily sectors that we believe are well-positioned for strong, long-term performance.”
CBRE Investment Properties’ Anthony DeLorenzo, Sammy Cemo and Bryan Johnson, along with Greg Sullivan, represented Sagard. “The property offers a variety of investment opportunities for the new ownership,” said DeLorenzo. “This was an extremely rare opportunity to purchase an 8.56-acre office property, as reflected by the strong market demand and 22 offers we received.”
- ◦Sale/Acquisition
