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The State Teachers Retirement System of Ohio has signed CB Richard Ellis to lease and manage its Morris Corporate Center I & II buildings in Parsippany, NJ within the Morris Corporate Center business campus. The buildings have a combined total of some 525,000 sf of class A office space.

STRS Ohio recently bought both buildings from an affiliated company of SJP Properties, based in Parsippany, and is said to be ready to launch several new initiatives aimed at attracting major corporate tenants to the region.

At $56 billion, STRS Ohio is the 22nd largest domestic pension fund. The gross market value of its portfolio is in the range of $8.3 billion. Current tenants at the center include SAP America, BP Amoco, Anheuser Busch, AIG and Oracle.

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