UPMC buys SouthSide Works Building for $25Million

October 11, 2012

Paul J. Gough

Web Producer- Pittsburgh Business Times

The University of Pittsburgh Medical Center has bought its building in the SouthSide Works for $25 million.

A UPMC spokeswoman said it closed on the purchase of the Quantum I @ SouthSide Works building at 2 Hot Metal St., fronting East Carson Street in Pittsburgh, for $25.06 million.

The Pittsburgh Business Times reported in its Sept. 14 edition that UPMC was likely to exercise an option to buy the Quantum I building that it had when it signed a lease 10 years ago with the Soffer Organization.

The four-floor building has 151,441 square feet and 900 UPMC employees that do billing, scheduling and other back-office functions. UPMC has been the sole tenant for the building. There are no immediate changes planned for the building.

 

Paul J. Gough is the web producer at the Pittsburgh Business Times, and he covers media. Contact him at pgough@bizjournals.com or (412) 208-3827. You can also follow him on Twitter.