Walnut Capital promoting analysis tower website and Bates Avenue assemblage to College of Pittsburgh in $25 million transaction in Oakland – WPXI

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WPXI Walnut Capital Property The site along Bates Street. (JOE WOJCIK/Pittsburgh Business Times)

June 18, 2021 at 11:19 am EDTBy Tim Schooley – Reporter, Pittsburgh Business Times

PITTSBURGH — Walnut Capital Partners is selling two separate sites in Oakland to the University of Pittsburgh.

At its June meeting, the Property and Facilities Committee of the university’s Board of Trustees voted to buy Walnut Capital’s Fifth and Halket site, recently cleared for a new research tower, as well as a collection of condemned homes in the 3400 block of Bates Street at the Boulevard of the Allies.

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The board vote means the university will buy the two sites from Walnut Capital Partners for a combined total of approximately $25 million.

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Pittsburgh Business Times