Commercial Scene : Teachers Group Buys Warehouse in Anaheim

The California State Teachers’ Retirement System has purchased a 126,200-square-foot warehouse/distribution building from the Lincoln Property Co. of Irvine in a deal valued at about $6.9 million.

The building is at 5455 E. La Palma Ave. in Anaheim. Coldwell Banker represented Lincoln Property, and Equitable Real Estate Investment Management acted as an adviser to the Teachers Retirement System.