Category Archives: Industrial
Colliers International | Pittsburgh received the “Investment Sale of the Year, Industrial – Speculative” award from the Western Pennsylvania Chapter of the Society of Industrial and Office Realtors (SIOR) Annual Awards Luncheon last Thursday at the Rivers Club.
Gregg Broujos, Managing Director & Founding Principal, John Bilyak, Principal, and Justin Kline, Associate, received the award for the sale of the 31st Street Studios that occurred in the last quarter of 2017. New York-based North River Pittsburgh I, LLC purchased the 238,000 SF multi-industrial complex in the Strip District for $14 Million.
“As with any Special Purpose property, the success of a disposition can only happen when all parties work well together so that a “win-win” result is achieved,” Broujos said. “To that end, Colliers International had a great working relationship with the seller and their counsel, Lampl and Associates, the buyer and their counsel, Houston Harbaugh, and the many officials and attorneys involved throughout the court-approved sale process.”
31st Street Studios was formerly owned and operated by Gateway Entertainment Studios and was home to many film and television productions including Dark Knight Rises, Jack Reacher, Fences, Southpaw and Concussion.
This edition of the Investment Newsletter contains 1st quarter 2017 market indicators, market statistics, sales transactions and an investor spotlight interview with Bill Hunt of the Elmhurst Group based in Pittsburgh, Pennsylvania.
Click here to view the entire report.