PITTSBURGH — The University of Pittsburgh has taken the opportunity to expand its Oakland real estate holdings with two year-end buys of recently recorded transactions, one of which could be used in a future development project.
With both sales appearing to suggest major windfalls for the sellers, the university bought 229 Atwood St., a one-story red-brick commercial building at the corner of Sennott Street currently occupied by Love Tea, for $2.1 million from the estate of former owner Richard J. Weiner, records show, who bought it for $300,000 in 2012.
It’s a sales price that suggests a different future for the site, University of Pittsburgh spokesman Kevin Zwick acknowledged in an email.
Read more at our partners The Pittsburgh Business Times.
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