Colliers International | Pittsburgh Announces the Sale of former Baum Boulevard Dodge
– Three buildings at 5607-5625 Baum Boulevard totaling 150,000 SF, plus an 18,000 SF parcel at 5724 Baum Boulevard-
Colliers International | Pittsburgh is proud to announce the sale of the former Baum Boulevard Dodge, located on Baum Boulevard between Roup Avenue and Fairmount Street in Shadyside. The property encompasses three buildings at 5607-5625 Baum Boulevard, totaling 150,000 square feet, plus an 18,000 square foot parcel at 5724 Baum Boulevard, the former used car lot for Baum Boulevard Dodge. Gregg Broujos and Patrick Sentner SIOR, Founding Principals at Colliers International | Pittsburgh represented the seller, Foley Family Limited Partnership, in the transaction. Raymond Orowetz P.E., Associate Broker at Colliers International | Pittsburgh represented the buyer, Baum Boulevard Investors, LLC in the sale.
“Their purchase represents an outstanding opportunity to capitalize on the vibrancy of the Baum-Center corridor,” said Raymond Orowetz P.E., Associate Broker at Colliers International | Pittsburgh.
Built in the 1930’s as a Chrysler automobile sales and service facility, the three-story and four-story structures housed the retail showroom, plus service, parts and car showroom. The adjacent five-story structure was also the former headquarters for National Record Mart and Dargate Auction Gallery.
For more information, please contact Gregg Broujos, Patrick Sentner SIOR, or Raymond 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 October 27, 2011, in Achievements, Retail and tagged Baum Boulevard Dodge, Chrysler, Foley Family Limited Partnership, Pittsburgh Commercial Real Estate. Bookmark the permalink. Comments Off on Colliers International | Pittsburgh Announces the Sale of former Baum Boulevard Dodge.