Publications

Transactions

To read this full article you need to be subscribed to Newsline.

Start Your Free Trial Now View Purchase Options

CalSTRS to sell another asset

by Andrea Waitrovich

The $183.8 billion California State Teachers’ Retirement System is selling 1835 Market St., a 684,000-square-foot office in Philadelphia. CalSTRS declined comment on the asking price; however, it has been reported to be more than $100 million.

The pension fund purchased the 29-story asset in 2002 for $83 million from State Teachers Retirement System of Ohio.

CalSTRS has been selling many of its assets. In June, CalSTRS sold a number of industrial properties: Frisco Commerce Center in Frisco, Texas, to Crow Holdings; the Brockton Business Park in Austin to DRA Advisors; and Centre Point in Milpitas, Calif., to Integral Communities. Other property sales inc

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?