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October 30, 2019  

CalSTRS Dealing Charlotte Offices

California State Teachers is pitching an office complex in Charlotte’s tight SouthPark submarket as a leasing play.The 533,000-square-foot SouthPark Towers is expected to attract offers of $190 million to $200 million, or up to $375/sf. Los Angeles-based CBRE Global Investors, which manages the investment for CalSTRS, has given the listing to its brokerage affiliate, CBRE.The Class-A complex is 85% occupied. The tenants include Merrill...

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