CommonWealth Partners LLC has listed its entire $1.7 billion portfolio of 13 properties, including the 53-story tower at 777 Figueroa St. and three Glendale office buildings, according to sources who have seen the listing.

L.A.-based firm CommonWealth, which owns its properties through a partnership with the Rockefeller Group International Inc. and the California Public Employees Retirement System, has listed the roughly 6 million-square-foot portfolio with Secured Capital Corp.

The portfolio's Los Angeles County properties include the 1-million-square-foot 777 S. Figueroa St. with land entitled for an 850,000-square-foot office, residential or hotel building and in Glendale, 801 N. Brand Blvd., 700 N. Central Ave. and 200 Burchett St., which is entitled for a second 150,000-square-foot office building.

There are also three properties in Orange and San Diego counties with a cumulative 1.5 million square feet, along with 3.1 million square feet worth of office buildings in Denver, Phoenix, Honolulu and Texas.

Officials at Secured Capital, CommonWealth Partners, the Rockefeller Group and Calpers didn't return messages.

Bill Boyd, a senior vice president with Grubb & Ellis Co., called the listing the most significant disposition of Glendale office buildings since the early-1990s.

Many consider 801 N. Brand with its all-granite exterior and high-quality construction to be one of the premier addresses in Glendale, Boyd said. "I can't imagine a listing of this size, it's so dramatic," he said.

The Rockefeller Group, a subsidiary of Mitsubishi Estate Co., purchased a 70 percent stake in CommonWealth for $50 million in November 2003. Last July, CommonWealth bought 777 S. Figueroa St. and its entitled land from Mitsubishi Estate Co. for $250 million.

In mid-December, Calpers announced the $177 billion pension fund would scale back its real estate holdings by 1 percentage point to 8 percent. The move is intended to allow the fund to sell some of its properties to take advantage of the sizzling real estate market.

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