LOS ANGELES – One of the largest domestic public pension plans, the California State Teachers' Retirement System, has acquired a two-million-square-foot industrial portfolio for $320 million.
The institutional-quality portfolio comprises 11 buildings situated across five properties. The assets are located throughout Southern California in Moreno Valley, San Bernardino and Rialto.
The portfolio is currently 45% leased or agreed to terms.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
