Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN DIEGO-H.G. Fenton Co. has acquired the 114,000-square foot Cornerstone Business Center office and R&D business park from an affiliate of TA Associates Realty for $14 million in a 1031 exchange. The new owner plans to renovate the property, which is situated at 6181-6199 Cornerstone Court East in the Sorrento Mesa submarket , with upgraded landscaping, parking lot improvements and new roofs.

Cornerstone Business Center comprises four office and R&D buildings that are 89% leased. Fenton’s 1031 exchange involved the sale of Lot 6 in the company’s Fenton Technology Park in Sorrento Mesa.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.