Another downtown building is heading to auction. Olympic Towers at 300 Pearl Street is being sold by owner J. E. Robert Cos. Bidding opens May 17 with a minimum bid set at $1 million. Commercial real estate firm Jones Lang LaSalle and Real Estate Disposition LLC are overseeing the online auction.
The 143,000 sq.ft. office and retail complex consists of the 10-story, circa-1902 YMCA building designed by E.B. Green and a modern four-story office building. The two are connected by a glass atrium that stretches from Pearl to Franklin streets.
Opened in 1988, Olympic Towers was a joint venture of Paul Snyder and Goldome Bank. The property is currently 76 percent occupied.
Auction website.
