Kelemen, Kingsbarn sell Tustin Financial Plaza to national homebuilder for $68.68 million

• Kelemen Co sold Tustin Financial Plaza in Tustin, California, to a national homebuilder for $68.68 million.
• 8.5-acre former office campus; five buildings totaling about 185,000 square feet; acquired in October 2024.
• Site repositioned for residential redevelopment; entitled plan calls for 145 townhomes under the Cypress Grove community.
• Transaction announced Aug. 31, 2026; sale completes a roughly two-year investment and entitlement strategy.

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