Ripe for the picking: Produce terminal developer lands more Strip District real estate
July 6, 2020
Mark Belko | Pittsburgh Post Gazette
Chicago-based McCaffery Interests has acquired a 3.5-acre site next to the terminal from Rugby Realty, which at one time had plans to build an $80 million office and retail development there. McCaffery closed on the acquisition last week. It paid a cool $19.5 million, or almost $130 a square foot, for the sprawling tract, which runs along Smallman Street from 21st to 23rd streets. The purchase adds to McCaffery’s considerable holdings in the Strip.
