Done Deals: HFF Named to Market Sale of Pittsburgh Class A Office Portfolio

PITTSBURGH, PA – The Pittsburgh, Chicago and New York offices of HFF (Holliday Fenoglio Fowler, L.P.) have been named to market for sale a new Class A office building portfolio consisting of approximately 453,000 square feet located in Cranberry, Pennsylvania.

The HFF investment sales team will be led by executive managing director John Pelusi, (top right photo) senior managing director Gerard Sansosti (top left photo)and managing director Nick Matt (middle left photo) in the Pittsburgh office, as well as managing director Jaime Fink (bottom right photo) in HFF’s Chicago office and senior managing director Glenn Whitmore (bottom right photo above Jaime Fink photo) in the New York office. The portfolio

will be listed for sale without a formal asking price.

This four-building 100% leased Class A office portfolio has a strong roster of credit tenants such as Westinghouse Electric, Cellco (Verizon) and McKesson and is located within the Cranberry Woods Office Park, (above centered photo) which is generally thought of as the premier suburban office park in Western Pennsylvania.

The Cranberry Woods Office Park is also the home of the world headquarters of Mine Safety Appliance and, following a national search, was recently selected as the site where Westinghouse Electric will build its new nearly one million-square-foot world headquarters.

“This is a major sale opportunity for HFF as Cranberry Woods is the one of the best suburban office parks in the Commonwealth of Pennsylvania,” said Pelusi.

“The Wall Street Journal and Money Magazine have ranked Cranberry one of the fastest growing communities in the U.S.,” added Sansosti.

HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing.

CONTACTS:

John H. Pelusi,

HFF Executive Managing Director

412 281 8714