PITTSBURGH — As it works on a residential conversion a few blocks away, Washington, D.C.-based Douglas Development Corp. is poised to take ownership of Centre City Tower, a 26-story, 362,000-square-foot office building on Smithfield Street downtown.
Norman Jemal, a principal of Douglas, confirmed that his company is now set to take ownership after the building at 650 Smithfield Street went through a sheriff’s sale auction process by the Allegheny County Sheriff’s office at its regularly scheduled event held on the first Monday of each month.
“We were the successful bidder,” said Jemal, in a brief phone conversation after the sheriff’s sale auction had concluded.
He didn’t divulge too many details, including the final sales price.
But he did say Douglas expects to keep the building for office use.
Read more in the Pittsburgh Business Times.
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