HRPT Properties sells Pittsburgh-area medical office building as part of portfolio sale

July 14, 2008

The owner of a number of high-profile Pittsburgh office developments has sold a prominent medical office building three blocks from UPMC Shadyside.

Newton, Mass.-based HRPT Properties Trust, a real estate investment trust, sold the 75,000-square-foot building, at 5750 Centre Ave., as part of a nationwide portfolio sale to its former subsidiary, Senior Housing Properties Trust, for more than $15 million or about $200 per square foot, according to the Allegheny County Department of Real Estate.

The property, which HRPT purchased READ MORE

Comments

• Subscribe

  • Subscribe to RSS
  • Comments

• Recent Posts

  • Housing market is not the stock market
  • PA Median Home Prices Holding Their Own
  • HRPT Properties sells Pittsburgh-area medical office building as part of portfolio sale
  • Condo development in Mount Washington set to move forward
  • Pittsburgh URA could seek developer for Beechview properties
  • Suburban flight starts to hit home
  • Developer favors stable markets
  • Will gas prices drive homebuyers away from suburbs?
  • Selling Your Home In a Market Full of Foreclosures
  • Disclose, Disclose, Disclose

• Categories

  • Allegheny West
  • Beechview
  • Bellevue
  • Bloomfield
  • Cultural District
  • Downtown
  • East Liberty
  • Fifth-Forbes
  • Garfield
  • Highland Park
  • Hill District
  • Lawrenceville
  • McCandless
  • Mexican War Streets
  • Mount Washington
  • Mt. Lebanon
  • O'Hara
  • Oakland
  • Oakmont
  • Sewickley
  • Shadyside
  • South Side
  • Squirrel Hill
  • Strip District
  • Uncategorized

• Archives

  • January 2009
  • July 2008
  • June 2008
  • May 2007
  • April 2007
  • March 2007
  • February 2007
  • January 2007
  • December 2006
  • November 2006
  • October 2006
  • September 2006
  • July 2006
  • June 2006
  • May 2006
  • April 2006
  • March 2006

• Links

  • Homes for Sale