CalSTRS to sell another asset
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