Business

Lubert-Adler under agreement to buy the Pittsburgher as it closes in on finishing key components of the Kaufmann’s Grand project

By Tim Schooley – Reporter, Pittsburgh Business Times

WPXI Pittsburgher Sign The blade sign of The Pittsburgher, a Forbes Avenue office building renovated to include its original name for when it was a hotel in the early 20th century. The building is right across the street from the Kaufmann's Grand on Fifth redevelopment by Lubert-Adler Real Estate Fund. (Tim Schooley/Pittsburgh Business Times)

By Tim Schooley – Reporter, Pittsburgh Business Times

PITTSBURGH — Dean Adler’s ambitions to revive the prospects of the Kaufmann’s Grand on Fifth redevelopment downtown are crossing Forbes Avenue to include The Pittsburgher office building.

Amid a host of new upgrades and updates for the million-square-foot department store building resuscitation, the CEO of Philadelphia-based Lubert-Adler Real Estate Funds revealed his company is under agreement to buy the neighboring office building at 428 Forbes Ave., a 25-story structure that totals about 130,000 square feet.

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He emphasized that nothing is official as far as a final buy.

Read more form our news partners at the Pittsburgh Business Times.

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