Kaufman Jacobs Buys Five Acres to Build Assisted Living Community Near Pittsburgh

by Jeff Shaw

BETHEL PARK, Pa. — Kaufman Jacobs Capital Investments, a Chicago-based investment firm, has purchased five acres of land in the Pittsburgh suburb of Bethel Park for the construction of an assisted living and memory care community.

Kevin Riley of Weber Wood Medinger/CORFAC International represented the seller, Penn Grove Group Capital, in the transaction. According to public records, the purchase price was $3.45 million.

When completed, Florida-based Harbor Retirement Associates will operate the community, HarborChase of Bethel Park.

Construction on the property will start early in the spring of 2016 and complete in 2017.

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