Landlord representation services on behalf of McKnight Realty Partners.
The Henry W. Oliver Building celebrated its 100th birthday in 2010 and has been a staple in the Pittsburgh Central Business District from the height of the steel industry through its two renaissances. The building offers onsite dining and banking and it is surrounded by ample garage parking and various retail establishments. The building overlooks Mellon Square Park, which currently is undergoing a significant renovation to its promenade, fountains and seating areas.
In early 2011, the Oliver Building suffered a substantial blow when its anchor tenant, K&L Gates LLP, vacated nearly 200,000 square feet of office and conference space in the building. Grant Street Associates worked with our client , McKnight Realty Partners, to move forward with the purchase of the distressed building, advising them on the agreement to add an Embassy Suites hotel to the upper floors. The leasing team was then assigned the task to secure tenants for the remaining space in the building.