Grant Street News

Federal Reserve hires Cresco to sell its Pittsburgh building

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Story originally published in bizjournals.com by Patty Tascarella. The Federal Reserve Bank of ClevelandTuesday confirmed that it entered into a contact with Cleveland-based brokerage firm Cresco Real Estate to sell its former branch building in downtown Pittsburgh. Cresco in turn has partnered with Pittsburgh-based brokerage firm Grant Street Associates Inc., said Anne M. DiTeodoro, a spokeswoman for the Cleveland Fed, which oversees western Pennsylvania. Last month, the Fed moved 23 employees to the new branch…

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Citizens Bank of Pennsylvania renews long-term lease in Pittsburgh Central Business District

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Citizens Bank of Pennsylvania has executed a five-year lease renewal to remain the largest tenant at 525 William Penn Place. The renewal includes occupancy of approximately 147,500 square feet of office and storage space in the building, located in Pittsburgh’s central business district.

Dell, Moser, Lane & Loughney LLC Relocating to Two Chatham Center

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Pittsburgh, Pa. – Dell, Moser, Lane & Loughney, LLC, has executed a long-term lease to occupy 13,395 square feet on the 15th floor of Two Chatham Center in Pittsburgh’s Central Business District. Robert Geiger, a principal with Cushman & Wakefield|Grant Street Associates, represented the law firm in the transaction, and Mike Daniels of Oxford Realty Services represented the landlord. Dell Moser Lane & Loughney, a civil litigation firm specializing in…

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Grant Street Associates brokers sale of Verizon building

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Randall G. McCombs, SIOR, and Michael H. Sell of Grant Street Associates Investment Services Group have brokered the $4.4 million sale of the Verizon Building, 201 Stanwix Street, located at Gateway Center in Pittsburgh’s central business district. Purchased by Stanwix Street Associates, L.P., an affiliate of Philadelphia-based PMC Property Group, Inc. from Hertz 201 Stanwix LP of Santa Monica, Calif., the property offers 285,000 square feet of office space with…

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