The property is at the northeast corner of Colorado Boulevardand Raymond Avenue, in Old Pasadena. Edgewood bought it through anaffiliate.
The building exterior retains its historic design, and theinterior has been upgraded for modern office use, while retainingmany original features. The transaction was arranged by SheriMcCanless of MacVaugh & Co., which also handles leasing of thebuilding. The Kutzer Co. will serve as manager of the project.
Edgewood Realty Partners LLC is a private investment firm thatacquires, invests in, develops, manages and disposes of commercialproperties in the western US in partnership with other investors.The firm is managed by Pete Kutzer and Joseph McNulty.
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