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Colliers International | Pittsburgh Announces the Sale of 1700 Island Avenue
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.”