Downtown’s first ‘high rise’ has a new owner. The historic Dun Building was purchased on Friday for $1.325 million. The buyer, 110 Pearl LLC, is an affiliate of Priam Enterprises headed by Paul Kolkmeyer and Greg Suffoletto.
The 33,000 sq.ft. property was listed for sale late last year with a $1.58 million asking price. CBRE Buffalo Partner Robert Roller and Sales Associate Adam Koehn represented the seller along with CBRE Pittsburgh.
The 10-story, circa-1895 Dun Building is named for R.G. Dun & Co., a precursor to financial services firm Dun & Bradstreet and was designed by architects E.B. Green and W.S. Wicks. The Pearl Street building is located within the Joseph Ellicott Historic District and is a city landmark.
The seller, Dun Building LLC, an affiliate of Clover Management, purchased the property in 1999.
Each floor contains 2,600 square feet of space, ideal for smaller office tenants desiring a full floor of offices or for a residential conversion.