Category Archives: Industrial
Patrick Tracy SIOR Appointed to Vice President of Industrial Brokerage | Pittsburgh
Patrick Tracy SIOR
Colliers International | Pittsburgh is pleased to announce that Patrick Tracy SIOR has joined the firm as Vice President of Industrial Brokerage. His responsibilities include the sale and leasing of industrial real estate as both a tenant and landlord representative. His position as Vice President of Industrial Brokerage will encompass all aspects of commercial real estate, including but not limited to, office, land and investment sales.
“We are very fortunate to have such a seasoned veteran join our firm, and it points to the ever growing reputation of our firm and our affiliation with Colliers International,” said Gregg Broujos, managing director and founding principal at Colliers International Pittsburgh.
Colliers International | Pittsburgh Announces the Sale of 1700 Island Avenue
1700 Island Avenue is a 136,850 SF multi-structure warehouse/distribution facility
Colliers International | Pittsburgh is proud to announce the sale of a warehouse/distribution and former bakery facility located at 1700 Island Avenue in the Chateau Street/Beaver Avenue corridor of the City of Pittsburgh. The 136,850 SF multi-story structure, situated on 4.6 acres, was sold by IBC Sales Corporation to LOC 9, LLC of Pittsburgh.
IBC Sales was represented by John Bilyak CCIM, Principal & Director of Industrial Brokerage, Ralph Egerman, Principal, and Raymond Orowetz P.E., Associate of Colliers International | Pittsburgh. The purchaser was unrepresented.
“It’s always a challenge to sell older industrial buildings, and this transaction was no different,” said John Bilyak CCIM, Principal & Director of Industrial Brokerage at Colliers International | Pittsburgh. “Fortunately we had a cooperative buyer and seller who worked together to overcome the obstacles often found in these types of sales. In the end, it was a great deal for both parties.”
Pittsburgh Industrial Market Snapshot
John Bilyak CCIM, Principal & Director of Industrial Brokerage at Colliers International | Pittsburgh
Source: NorthEast Real Estate Business August 2011 Publication
Contributed by John Bilyak, Principal & Director of Industrial Brokerage at Colliers International | Pittsburgh
John Bilyak, Principal & Director of Industrial Brokerage at Colliers International | Pittsburgh, recently contributed to the Northeast Real Estate Business publication, with a feature article that focuses on a snapshot of the Pittsburgh Industrial Market.
“While Pittsburgh has weathered the storm and our vacancy rate is healthy, the real story is that there is a need for additional well-located Class A inventory,” said Bilyak, who is responsible for industrial tenant and owner representation at Colliers International | Pittsburgh.
Pittsburgh Region Outperforms Benchmark Cities, National Average
Source: Pittsburgh Regional Alliance (PRA)
The Pittsburgh region has enjoyed the distinction of consistently performing better than its benchmark cities and the national average despite some of the worst economic conditions since the Great Depression.
