Thursday, June 28, 2012

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 Salvatiojn Army building with full approvals fromNew York,” said Guy Totino, a principall of Polaris and a Pittsburgh native. “We’re beginning to markey the building for various Polaris its initial sales agreement in With an agreementin O’Hara-based will begin marketing the 93,000-square-foot building for office and educationak use. The building’s unique which includes a swimming pool, sanctuary and clase rooms on the firstthree floors, could also be of use to nearbt colleges, such as and the .
The buildinyg also will undergo an extensive due diligence process to assessthe structure’sw condition and the cost issues involveed in rehabbing it. A closing date for the sale has not yetbeen

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