Philadelphia, PA - February 23, 2015 Colliers International recently secured a buyer for 210-214 N. 12th Street, a storefront location in the Market Street East Submarket of Philadelphia. The property was formerly occupied by Sigma Sound Studios. Throughout the 1970's and 1980's, it was the epicenter of the recording industry in Philadelphia. Such luminaries as Patty LaBelle and David Bowie held recording sessions there.
The new owners plan to extensively renovate the 13,858-square-foot, two-story building to convert it to residential, office and retail. Michael Barmash of Colliers represented the buyers; and Jim Gorecki of Fidelity Commercial Real Estate represented the seller of the entirety - Sine Partners, LP.