Solutia Sells Office Building for $42.8 Million

St. Louis, MO, June 25, 2008--Solutia Inc. said Wednesday it sold a 260,000-square-foot office building in Town and Country, Mo. to Bluerock Real Estate LLC for $42.8 million.

Solutia said it used about $19.5 million of the proceeds to pay off the current mortgage and for general corporate purposes.

Solutia's corporate headquarters, under a 10-year lease with Bluerock, is in St. Louis.