PITTSBURGH \u2014 A joint venture between the city\u2019s redevelopment authority and the region\u2019s major industrial redevelopment institution have achieved a successful cash out of a challenging site in the city\u2019s West End.<\/p>\n
The Urban Redevelopment Authority of Pittsburgh and the Regional Industrial Development Corporation of Southwestern Pennsylvania jointly announced they closed on selling a 25-acre site on the city\u2019s western edge in the neighborhood of Fairywood, a property the URA bought from the Housing Authority of the City of Pittsburgh 15 years ago as a storm-damaged former public housing project with the goal of redeveloping it for industrial use.<\/a><\/p>\n After opting to first partner with RIDC in 2021, the joint venture completed a 150,000-square-foot warehouse and distribution facility leased to Ferguson Enterprises two years ago. With a companion 9.3-acre site prepared for new development, the joint venture sold the property to suburban Chicago-based Becknell Industrial, specializing in a portfolio of industrial property totaling more than 40 million square feet.<\/p>\n Click here to read more from our partners at the Pittsburgh Business Times.<\/a><\/p>\n Download the FREE WPXI News app<\/a> for breaking news alerts.<\/p>\n Follow Channel 11 News on Facebook<\/a> and Twitter<\/a>. | Watch WPXI NOW<\/a><\/p>\n TOP STORIES FROM CHANNEL 11 NEWS <\/p>\n Crash delaying traffic on Parkway East near Squirrel Hill; person taken to hospital<\/a>Man arrested, charged with exposing himself to women at Pittsburgh park<\/a>Man found shot in Pittsburgh parking lot, taken to hospital<\/a>Temperatures push into the 30s, warm-up continues into the weekend<\/a>Pittsburgh police chief calls for investigation into ICE arrest that happened near Zone 3 station<\/a><\/p>\n \u00a92026 Cox Media Group<\/p>\n