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Home Commercial State Compensation Insurance Fund Acquires 159,000 SQFT Pasadena Tower for ~$33MM, a 43%Discount to Swift’s 2019 Basis
CommercialFinanceIndustry NewsLos Angeles

State Compensation Insurance Fund Acquires 159,000 SQFT Pasadena Tower for ~$33MM, a 43%Discount to Swift’s 2019 Basis

April 24, 20263 Mins read1.8k
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California's public workers' compensation carrier plans to anchor the nine-story Class A building as a Southern California hub while leasing the balance to third parties — the latest Pasadena office trade to print at a fraction of pre-pandemic value. State Compensation Insurance Fund has purchased the 158,785-square-foot Class A office building at 35 N. Lake […]

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