May 20, 2026 8:53 am
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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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