Davenport Partners announces the sale of 80 South Lake Avenue, Pasadena, California on September 9, 2005 to 80 SOuth Lake LLC, an affiliate of IDS Real Estate Group and Cal- STRS.  The sale occurred after the completion of the structural upgrade, extensive renovation and lease-up of the property.  The property was purchased in October 2003 by a joint venture of Davenport Partners, Buchanan Street Partners and outside investors.  The property was 50% leased when purchased and 92% leased and occupied at the time of sale.