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Investcorp, Gumberg JV Tackles New Market With $71M Deal

Acquires 950,000-SF Office/Retail Portfolio in Pittsburg From Soffer
By Kelsey Fralick
April 19, 2007 | 3:57 AM

A New York City-based investment firm, Investcorp Real Estate Group, and Florida-based company, Gumberg Asset Management Corp., joined forces to acquire seven Penn Center East properties in Pittsburgh, PA, from The Soffer Organization. The sale closed for $71 million, or approximately $74.74 per square foot.

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News | Investcorp, Gumberg JV Tackles New Market With $71M Deal