WS Development, a Massachusetts-based company, has acquired Station Square in Pittsburgh, marking a new chapter for the historic location. The new owners plan to transform the complex into a mixed-use destination, blending dining, entertainment, hospitality, and office spaces. This move comes after the previous owner, Brookfield Properties, faced financial challenges, including a lawsuit demanding over $140 million due to an outstanding loan balance. The acquisition price has not been disclosed, but Station Square now joins other notable properties in WS Developments portfolio.
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