Category Archives: Accomplishments
Colliers International is proud to announce its partnership with the Episcopal Diocese of Pittsburgh to offer downtown property
Colliers International’s investment team of Gregg Broujos and Michelle Domeisen CCIM will be presenting Trinity House, a 4-story, 20,000 +/- square foot property located at 325 Oliver Avenue either for lease or for redevelopment.
“Trinity House is one of the only architecturally unique opportunities in the Central Business District that offers countless possibilities to many business types,” said Domeisen. “We look forward to our partnership with Trinity Cathedral and the diocese in exploring every avenue to find the right occupant, or project for the building.”
In exploring the possibilities, the Colliers investment team will be conducting a Request For Proposal process in the coming weeks to seek a developer or end user who is looking for a unique niche project in the Central Business District of Downtown Pittsburgh.
For additional information, please contact Gregg Broujos at 412 515 8527 or Michelle Domeisen at 412 515 8544.
The Colliers International | Pittsburgh investment team of Gregg Broujos and Michelle Keane Domeisen are representing King Penguin Opportunity Fund in the sale of Centre City Tower, a 26-story, 339,701 square foot office building in Pittsburgh’s Central Business District.
Centre City Tower is the largest of three office buildings owned by King Penguin in the city. The other two buildings (The Pittsburgher and The Allegheny Building) will remain with King Penguin as they continue to look for more opportunities to expand their portfolio within the Pittsburgh market. Jennifer Faines, a spokeswoman for King Penguin, confirmed that the company is looking to “reposition” its portfolio and restructure some of their assets.
This sale will come at a great time for the Downtown office market, as office building sales have been relatively dormant over the past year. The biggest sale in 2018 came when the City of Pittsburgh purchased the 155,000 square foot former Art Institute building for $27 million.
Centre City Tower will be hitting the market without a list price, which is part of the sales strategy, said Regional Principal, Broujos. “We’re going to see how high the interest level is before (establishing a call-for-offers date).”
Broujos also believes the size of the building will attract interest from buyers worldwide. With floorplates of more than 12,000 square feet and ongoing building updates, “we continue to see interest from outside the market for buildings of this size.”
The building has seen several recent commitments for long-term leases, leaving it around 72 percent occupied. A new café, “The Grind” will feature outdoor seating and is set to open in the near future on the first floor of Centre City Tower.
Colliers International | Pittsburgh is excited to welcome three new brokerage professionals to its team. Michelle Keane Domeisen, Jared Foster and Jonathan Levinson all joined Colliers in late February.
Industry veteran Michelle Keane Domeisen joins Colliers as Vice President of Investment Services. She started in the real estate business in 1984 with Grubb & Ellis, where she was consistently ranked in the top 100 brokers in the nation. Michelle will primarily be working on investment sales for industrial, office, retail and multifamily markets.
Jared joins Colliers as Vice President of Occupier Services and brings more than ten years of experience. In his new role, he will focus on providing tenant representation services for corporate clients. Jared will also be conducting market research in order to provide insights for the quarterly market reports.
Colliers has also added Jonathan Levinson as an Associate for the retail brokerage team. Jonathan recently completed his MBA and will be specializing in retail leasing, sales and tenant representation.
“I am excited to add these three dynamic professionals to our growing team,” said Pittsburgh Market Leader Dick Cassetti. “Michelle brings many years of experience in commercial investment sales to Colliers, including award winning transactions with corporations, pension funds, family trusts and developers. Jared and I have worked together for over 10 years. Having him join Colliers is key to our growth plan. Jonathan was born into a real estate family, and has hit the ground running and I am very confident he will be very successful.”