Thursday, January 28, 2016

HFF closes sale of and arranges financing for One Oxford Centre in downtown Pittsburgh, PA

One Oxford Centre, Downtown Pittsburgh, PA
John H. Pelusi Jr.
PITTSBURGH, PA  –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and arranged acquisition financing for One Oxford Centre, a one million-square-foot, Class A, trophy office tower in downtown Pittsburgh, Pennsylvania. 

HFF marketed the property on behalf of the seller, Oxford Development Company.  Shorenstein Properties LLC (Shorenstein) purchased the asset.  Additionally, HFF worked on behalf of the new owner to place the acquisition loan with Helaba and CIBC.

Located at 301 Grant Street, the 45-story One Oxford Centre was developed by the seller and consists of 884,403 square feet of office space; a five-level atrium with 58,278 square feet of restaurants, shops and commercial office space; the Rivers Club, a fitness, dining and social club and a separate, eight-story parking garage with 840 parking spaces. 

Sixty-six percent of tenants have headquarters in One Oxford Centre, including Buchanan Ingersoll & Rooney; TriState Capital Holdings, Inc., BPU Investment Management and HFF. 

The HFF investment sales team was led by executive managing director John H. Pelusi, Jr. and senior managing director Mark Popovich.  The HFF debt placement team also was led by Pelusi and Popovich along with executive managing director Mike Tepedino.

“HFF has been involved with the capitalization of One Oxford Centre since its construction in 1983,” Pelusi said.  “It is only fitting that Shorenstein, a nationally renowned and prolific office owner with 25 million square feet under ownership, is acquiring this landmark, Class A office building, which was the vision of Ed Lewis of Oxford Development Company.”

  For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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