Golden East Investors Acquires 21-Acre Development Site In Pittsburgh From Riverbend Foods

A seven-building, 1MM SF, 21-acre infill campus in downtown Pittsburgh, PA has been sold for $15,000,000. The development site, located at 1080 River Ave, was purchased by Golden East Investors, a New York-based, multi-platform real estate investment and operating firm. The campus, which was originally built between 1890 and 2001 as the Heinz Manufacturing Campus, is the last remaining undeveloped portion of the historic site. Golden East Investors plans to transform the campus into a mixed-use development, including last mile distribution, Cold Storage, state-of-the-art robotics R&D Office space, luxury residential lofts, and retail space.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $15,000,000
• Address: 1080 River Ave, Pittsburgh, PA
• Market: Pittsburgh, PA

Golden East Investors, represented by Orah Zadeh and Joshua Blisko, acquired the site from Riverbend Foods. The transaction was facilitated by broker Kyle Prawdzik of CBRE. This marks the first time the site has been sold since its original development by Heinz. Golden East Investors is excited to bring a piece of Pittsburgh's history into the modern era with their redevelopment plans for the campus.