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.
Several brokers from Colliers International | Pittsburgh received awards at the Western Pennsylvania Chapter Society of Industrial and Office Realtors (SIOR) annual awards luncheon on Wednesday, March 12, 2014 at the Rivers Club. The awards recognize both the top and most creative commercial real estate transactions in the greater Pittsburgh area completed in 2013.
Paul Horan, Founding Principal, and Edward Lawrence, Vice President of Office Brokerage at Colliers International | Pittsburgh, represented the Landlord, Hertz Investment Group, in the Office Lease of the Year – CBD for the renewal of CBS Broadcasting Inc. (KDKA) at One Gateway Center. The deal was for 52,912 SF with a total transaction in excess of 7 million.
Patrick Tracy, Vice President of Industrial Brokerage at Colliers International | Pittsburgh, represented the Landlord, Allegheny Capital Growth, for the Industrial Lease of the Year. The deal was for 156,000 SF at 460 Nixon Road with a total transaction value of $3,300,000.
“The SIOR awards that were won by Paul, Edward, and Patrick are a tribute to their hard work and dedication to helping our clients accelerate their success,” said Gregg Broujos, Managing Director & Founding Principal at Colliers International | Pittsburgh. “Everyone at Colliers International l Pittsburgh works so hard, every day, to insure that our clients receive the highest value for their real estate needs. It is certainly nice when they receive acknowledgement of their efforts.”