Out-of-town investor group buys Sorrento office complex

The firm settled on a smaller-than-normal acquisition because of the property’s potential. Currently 68 percent leased, Cornerstone Plaza will remain as standard office stock, but get a fresh coat of paint and suite-level upgrades during a 12-month-long renovation process. The end goal is to keep existing tenants happy, but also appeal to up-and-coming tech companies that need 5,500 to 16,500 square feet of space.