San Diego-based Cruzan and financial partner Cigna Investments refinanced a 224,000-square-foot office complex in Laguna Hills for $56 million.

The partners bought it in 2015 for $46 million, or about $206 a square foot, when it was at about 78% occupancy, and put about $13 million into upgrades.

CBRE Group arranged the new loan on the property, now fully leased.

For more on the deal, see the print edition of the July 29 Business Journal.