By Hadden Schifman | VIZZDA
An entity formed by CalSTRS—the California State Teacher’s Retirement System—and First Industrial Realty Trust sold their remaining holdings in the First Mesa Commerce Park development for $18,834,908. The buyer is a limited partnership formed by Sunbelt Investments, which is located in San Diego and administered by Mr. Michael W Holmes. The acquiring LP has ties to Chicago-based Mann Enterprises, a real estate holding company operated by Johannes Mann and Ulrich Zietemann.
