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One America owner eyes vacant site for development: real estate: investor looks to city council'' for OK.

Publication: San Diego Business Journal
Publication Date: 28-JUL-03
Format: Online - approximately 510 words
Delivery: Immediate Online Access
Full Article Title: One America owner eyes vacant site for development: real estate: investor looks to city council'' for OK.(pension fund''s office building)

Article Excerpt
Now that the General Electric Pension Trust owns the One America Plaza office building Downtown, the investor is looking into developing the vacant area behind the property.

The pension fund bought the 34-story office building last year for $166 million from the developer, Bright Properties West Inc., a U.S. subsidiary of Shimizu Corp., a Japanese construction company.

"One America Plaza was planned to be a mixed-use office project," said Steve Williams, president of Sentre Partners....

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