The Kelemen Company Expands Presence with Second Strategic Acquisition in Orange County in Partnership with Kings Barn
Irvine, CA – The Kelemen Company, a leading real estate investment and development firm, is excited to announce its latest milestone – the successful acquisition of two office buildings in Orange County. The 56,000 SF project, called Spectrum Summit, consists of two 3-story office buildings with 95% occupancy and was acquired for $14.5M. This strategic move marks the company's second collaboration with esteemed partners Kingsbarn Capital & Development, solidifying their commitment to investment excellence in the region.
Our newly acquired commercial office building is strategically located right next to our current HERE project in Laguna Hills, CA. Nestled in a thriving business hub, it offers easy access to major transportation routes, creating an ideal business growth and expansion environment.
"We are thrilled to announce our second strategic acquisition in Orange County, furthering our partnership with Kings Barn. This investment underscores our dedication to providing high-quality commercial spaces and contributing to the economic growth of the region," said Tibor Kelemen, CEO at Kelemen Company.
The partnership with Kingsbarn, a recognized leader in real estate investment, brings together the expertise and resources of two industry powerhouses. This collaboration enhances the potential for creating enduring value and delivering exceptional returns to investors.
"Kingsbarn is excited to join forces once again with The Kelemen Company for this significant venture. Our shared commitment to excellence and innovation positions us for success in the dynamic Orange County market. Together, we look forward to maximizing the potential of this new acquisition," commented Phil Mader, Partner at Kingsbarn.
The Orange County office building acquisition reflects The Kelemen Company’s dedication to strategic growth, diversification, and sustainable development. The company remains focused on identifying opportunities that contribute positively to the communities it serves while delivering strong returns for its investors.
Lee & Associates will be marketing this space for lease. If you would like more information, you can contact Dave Smith of Lee & Associates. https://www.lee-associates.com/properties/?propertyId=222258-lease
About The Kelemen Company: The Kelemen Company is a leading real estate investment and development firm dedicated to creating innovative and sustainable spaces. With a proven track record of success, the company focuses on strategic acquisitions and partnerships to deliver exceptional value to investors and contribute to the communities it serves.
