Florida State Board of Administration (SBA) has added a $121.3m (€115.5m) industrial property to its real estate portfolio.

The pension fund said it has acquired the fully-let 1.1m sqft asset in Ridgeville, South Carolina through part of a separate account with Stockbridge from Rockpoint and Portman Industrial.

Stockbridge declined a request for comment.

Florida SBA said it has sold the 24th @ Camelback Phase II office building in Phoenix to Solar Farms for $85.7m. The pension fund had owned the asset, managed by an Invesco separate account, since 2009.

Invesco declined a request for comment.

Florida SBA issued a new $50.5m credit facility loan for a cold-storage property in Suffolk, Virginia.

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