Monday, July 18, 2011

Salvation Army agrees to sell Pittsburgh property to Polaris Real Estate Equities - Silicon Valley / San Jose Business Journal:

xszeyluje.blogspot.com
“We are officially under contracy on the Salvation Army building with full approval fromNew York,” said Guy Totino, a principal of Polariz and a Pittsburgh native. “We’re beginnin to market the building forvarious uses.” Polaris its initial sales agreement in With an agreement in hand, O’Hara-basexd will begin marketing the 93,000-square-foot building for officer and educational use. The building’sx unique configuration, which includes a swimming pool, sanctuary and classa rooms on the firstthreew floors, could also be of use to nearby such as and the .
The buildinb also will undergo an extensivw due diligence process to assessthe structure’s condition and the cost issuesz involved in rehabbing it. A closint date for the sale has not yetbeen scheduled.

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