Monday, December 10, 2012

HFF acts as financial advisor to seller of EQT Plaza in Pittsburgh, PA

EQT Plaza, Pittsburgh, PA
PITTSBURGH, PA – HFF announced today that it has acted as the financial advisor to Liberty Avenue Mezzanine, LLC, in a business transaction whereby Highwoods Properties, Inc, acquired control of  EQT Plaza, a 32-story, trophy office tower in Pittsburgh, Pennsylvania.               

John Pelusi
 EQT Plaza is a 616,000 rentable-square-foot, trophy-quality office tower located at 625 Liberty Avenue in Pittsburgh’s central business district. 

The property is the corporate headquarters for EQT Corporation and is 92.2 percent occupied with minimal near-term lease rollover. 

Additional tenants include Cohen & Grigsby, McGuire Woods, and Fox Rothschild.

Kyle Prawdzik
The building features a full-service health club, a 5,170-square-foot conference center, underground parking garage and a Morton’s of Chicago restaurant.  Liberty Avenue Mezzanine and its affiliates invested significant capital during the last five years on plaza and lobby renovations, a new life safety system, and fitness and business center upgrades.

The HFF team representing Liberty Avenue Mezzanine, LLC was led by executive managing director and managing member John Pelusi, executive managing director Gerard Sansosti and director Kyle Prawdzik.


Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |

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