Cornerstone Plaza, a two-building multi-tenant office campus totaling 97,316 square feet in the heart of San Diego’s Sorrento Mesa submarket, has traded hands. The $18.85 million sale was handled by NKF’s Kevin Shannon, Brunson Howard, Paul Jones, Ken White, Rick Stumm, and Andrew Pascale, on behalf of seller Omninet.
The buyer, Salt Lake City-based Bridge Investment Group, was represented by JLL’s Tim Olson. This acquisition marks Bridge’s entrance into the San Diego office market.
Built in 1996 and situated on 5.04 acres at 6160 and 6170 Cornerstone Court East, the asset is 67% occupied. Tenants include Broadcast Company of the Americas, Robbins Research International, and Bentley Systems. The buildings are joined by a unique, furnished outdoor gathering space activated by an inviting water feature, and bordered by lush landscaping and collaborative spaces.
Howard says, “Cornerstone Plaza is highly flexible, institutional quality real estate with immediate value-add potential. Buyers were attracted to an increasingly rare opportunity to unlock additional value both in leasing up the existing vacancy, and upgrading its multiple indoor and outdoor common areas.”
Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services.
In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company.
In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix.
Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator.
Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements.
Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!