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CalSTRS and First Industrial Realty sell land north of Eastmark for nearly $19M

CALSTRSBy 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.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.