The historic Chamber of Commerce office building in Pasadena has been purchased by a locally based investor. Pasadena-based investor Pete Kutzer and his company Edgewood Realty Partners bought the Chamber of Commerce Building at 117 East Colorado Boulevard in Pasadena, L.A. Business First reported. The five-story, 82,000-square-foot building, which sold alongside its adjacent parking garage, is 84 percent leased. It also has more than 16,000 square feet of ground-floor retail along Colorado Boulevard. The sale price for the 1904-built property was not disclosed. The figure is estimated to be between $330 and $340 per square foot, Bisnow reported. That would […]
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