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Tennessee Consolidated To Pay $125M For Two California Office Buildings | News | Ipe Ra

by realassets.ipe.com posted 4months ago 16 views
Pension fund agrees to acquire assets through two separate account managers. : Tennessee Consolidated Retirement System is acquiring two office buildings in San Francisco for $125m (€111m). The pension fund confirmed to IPE Real Assets that it is buying 1149 Chess Drive in Foster City for $67.3m and 85 Willow Road in Menlo Park for $57.7m. The assets are being acquired by its separate account managers DWS and L&B Realty Advisors, respectively. The pension fund said LaSalle Investment Management is selling the Foster City asset, which is fully let to Zoox, a start-up robotics company.

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