A landmark&nbsp;site&nbsp;in Wollongong’s CBD has made history by netting the highest-ever price for a commercial building in the city.&nbsp; The site at&nbsp;90 Crown Street –&nbsp;which houses&nbsp;retail, commercial and government tenants, including pub Mr Crown&nbsp;–&nbsp;has been bought by&nbsp;real estate private equity firm Avari Capital&nbsp;for just over $50 million. The site – on the corner of Crown and Kembla streets –&nbsp;features a&nbsp;9172sqm, seven-level&nbsp;complex; the sale price&nbsp;setting a&nbsp;record $5500sqm rate for a commercial building of its size. The property was sold by&nbsp;Knight Frank’s Ben Mostyn and Tyler Talbot, in conjunction with MMJ Wollongong’s&nbsp;Geoff Jones and Travis Machan. Read more: Wollongong lawyer accused of stealing from dead clients in $2.3m ‘fraud’ scandal Mr Jones, MMJ’s director, said the sale price represented a new record for&nbsp;a commercial building in&nbsp;the region. “This not only proves that there is still confidence in the market place, but is also testament to the fact that national and international buyers will consider the Illawarra for major property investment,” he said. Mr Machan said the outcome was “not just a great result for the vendor, but also for Wollongong”. He said 90 Crown Street boasted “a long list of attributes&nbsp;that astute property investors look for”. “This is underpinned by Wollongong's continued growth and new development, which is being noticed by the country,” he said. It’s&nbsp;the site’s second sale in two years;&nbsp;it sold for a then-record&nbsp;$43.9 million in 2016.