Thursday, July 7, 2011

Salvation Army agrees to sell Pittsburgh property to Polaris Real Estate Equities - Pittsburgh Business Times:

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“We are officially under contract on the Salvationh Army building with full approvals fromNew York,” said Guy a principal of Polaris and a Pittsburgh native. “We’r beginning to market the building for various Polaris its initial sales agreementin February. With an agreement in O’Hara-based will begin marketing the 93,000-square-foot building for office and educational use. The building’sz unique configuration, which includes a swimming sanctuary and class rooms on the first three could also be of use tonearbyh colleges, such as and the .
The buildinb also will undergo an extensive due diligencwe process to assessthe structure’s conditionj and the cost issues involvedc in rehabbing it. A closing date for the sale has not yetbeen

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