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TIAA-CREF has decided to sell its 111,453-square-foot Promontory promontory /prom·on·to·ry/ (prom´on-tor?e) a projecting process or eminence.

prom·on·to·ry (prm
 Office Building in Culver City.

The New York-based pension fund has retained Grubb & Ellis Co.'s Kevin Shannon to market the property, which is fully leased to six tenants. Brokers believe the four-story building, located at 5901 Green Valley Circle, could fetch about $22 million or about $200 a foot.

Staff reporter Andy Fixmer can be reached by phone at (323) 549-5225, ext. 263, or by e-mail at afixmer@labusinessjournal.com.
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Title Annotation:real estate industry
Author:Fixmer, Andy
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Dec 13, 2004
Words:80
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