HFF named to market for sale trophy office tower in Pittsburgh

PITTSBURGH, PA – The Pittsburgh and Chicago offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they have been named to market for sale EQT Plaza (top left photo) , a 32-story, trophy office tower in Pittsburgh, Pennsylvania.

HFF executive managing directors John Pelusi (middle right photo)  and Gerard Sansosti   in Pittsburgh along with managing directors Jeff Bramson (bottom left photo) and Jaime Fink in Chicago are marketing the property on behalf of the seller.

EQT Plaza is a 615,942 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 96.2% leased with minimal near-term lease rollover.

Additional tenants include Cohen & Grigsby, McGuire Woods, and National Union Fire Insurance. 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.

 The current owner has invested nearly $3 million during the last five years on plaza and lobby renovations, a new life safety system, and fitness and business center upgrades.

”This is the premier address in Pittsburgh as evidenced by the property’s high occupancy rate,” said Sansosti. “The average lease term is an attractive 9.5 years making this an exceptionally stable office asset.”

Contacts:

Gerard T. Sansosti, HFF Executive Managing Director, (412) 281-8714, gsansosti@hfflp.com
 Jeffrey M. Bamson, HFF Managing Director, (312) 528-3650,  jbramson@hfflp.com
Kristen M. Murphy,   HFF Associate Director, Marketing, (713) 852-3500,  krmurphy@hfflp.com