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May 19, 1998 | BRAD BERTON, SPECIAL TO THE TIMES
The pension fund that invests on behalf of Ohio's public school teachers has formally acquired the 18-story Glendale City Center I office tower and the adjacent site of a planned high-rise for $95.8 million. The price paid by the Ohio State Teachers Retirement System is equal to an aggressive $231 per square foot for the nearly full existing tower and another $7 million for the site of City Center II, which has approvals for up to 380,000 square feet of rentable office and retail space.
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BUSINESS
May 19, 1998 | BRAD BERTON, SPECIAL TO THE TIMES
The pension fund that invests on behalf of Ohio's public school teachers has formally acquired the 18-story Glendale City Center I office tower and the adjacent site of a planned high-rise for $95.8 million. The price paid by the Ohio State Teachers Retirement System is equal to an aggressive $231 per square foot for the nearly full existing tower and another $7 million for the site of City Center II, which has approvals for up to 380,000 square feet of rentable office and retail space.
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