PITTSBURGH — A local real estate firm lead by a group of young investors and tech professionals has bought a long-familiar building in the heart of downtown.
The company is TGY Investment Group, the name of which is based the initials of the first names of the three Pittsburgh and San Francisco-based principals, which recently bought 308 Seventh Avenue, the long-time Hefren-Tillotson Building, an 18,000-square-foot office building between Smithfield Street and Liberty Avenue which served for years as the headquarters of the one-time local money management firm.
Yang Zhang, one of the partners of the firm, called the buy a chance for TGY to expand its presence in downtown Pittsburgh, calling it the second office property it owns in the Golden Triangle, calling the Hefren-Tillotson Building “an historic space.”
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