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Originally published September 14, 2012 at 3:11 PM | Page modified September 14, 2012 at 3:11 PM

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Green Lake apartments sold

Pension fund pays $83 million for Circa Green Lake

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So many bad decisions went into the Circa. The "gulag chic" architecture whi... MORE
with such a great piece of property, in a primo location....how could such a terrible... MORE
it's some wonder that the developers and original investors got out of this deal and... MORE

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An institutional investor bought the 199-unit Circa Green Lake apartments Friday for $83.25 million, according to county records.

The Teachers Insurance and Annuity Association of America bought the four-year-old residential/retail complex from a partnership of Trammell Crow Residential and Prudential Insurance.

Circa is at the prominent intersection of East Green Lake Way North and Northeast Ravenna Boulevard. Before the complex was built, an Albertson's supermarket occupied the site.

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