- Associated Press - Tuesday, April 7, 2015

PITTSBURGH (AP) - HSBC Bank USA has purchased Pittsburgh’s nearly vacant One Chatham Center office building, a nearly 50-year-old structure that was part of what’s known as the city’s first renaissance that also dislocated thousands of black residents to make way for the former Civic Arena nearby.

HSBC was serving as trustee for Morgan Stanley Capital I Inc. The bank filed for foreclosure last June claiming Elteq Partners I Limited Partnership had stopped making mortgage payments.

Christopher Schueller, and attorney for the bank, tells the Pittsburgh Post-Gazette (https://bit.ly/1CQNQfU ) that HSBC will try to fill the building with tenants before selling it.

The sheriff’s sale affected only eight of the building’s 20 floors, because the rest are occupied by the Marriott City Center hotel, which is operated separately from the office portion of the building which opened in 1966.


Information from: Pittsburgh Post-Gazette, https://www.post-gazette.com

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