Golden East Investors maps out mixed-use strategy for former Riverbend Foods property
A new owner is working to move forward to bring new life and a mixed-use approach to one of the largest industrial properties of its kind in the city.
After first investing in the region a few years ago, buying three buildings at Penn Center West from Rugby Realty Co. Inc., New York-based Golden East Investors announced it has finalized buying the 985,000-square-foot, 20-acre site at 1080 River Ave., directly across the Allegheny River from the booming Strip District.
Golden East bought it out of a bankruptcy process of its previous owner, Riverbend Foods, which closed its food-making operation there and filed Chapter 11 the year before the pandemic.
“We love it there,” said Orah Zadeh, a founder of Golden East, of Pittsburgh. “I think we entered the market at a good time.”
Click here to read more from the Pittsburgh Business Times.
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