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.”

For more information, please contact John Bilyak CCIM, Ralph Egerman or Ray Orowetz P.E. by phone at 412.321.4200.

About Colliers International

Colliers International is the third-largest commercial real estate services company in the world with 12,500 professionals operating out of more than 500 offices in 61 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International as the top U.S. real estate company and the latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate brand in the world.

Posted on September 26, 2011, in Achievements, Industrial and tagged , , , , , , . Bookmark the permalink. Comments Off on Colliers International | Pittsburgh Announces the Sale of 1700 Island Avenue.

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