[econgrad]

Sac State buys CalSTRS building for $35.3M
Sacramento Business Journal - 2:44 PM PDT Monday, July 23, 2007by Mark AndersonStaff writer
A non-profit auxiliary of California State University Sacramento bought the California State Teachers' Retirement System building for $35.3 million, it was announced Monday.

The fund's headquarters building at 7667 Folsom Blvd. is close to the campus, and it gives the university space to expand. The 188,000-square-foot building will eventually house academic and auxiliary programs. The building was bought by University Enterprises Inc.

The pension fund will lease back the space for the next two years as it awaits its move to a new building under construction now in West Sacramento.

The pension fund was assisted in its purchase by broker Bruce Hohenhaus of Colliers International.