Showing posts with label pittsburgh commercial real estate. Show all posts
Showing posts with label pittsburgh commercial real estate. Show all posts

Thursday, June 13, 2013

Did you know that Grant Street wasn't always level?


Over the next few weeks (and maybe more), we here at Grant Street Associates, Inc. have decided to delve into our city’s past and dig out some interesting facts or stories that we wanted to share with you.  Along with new photos and a fresh spin on things, we’re aiming to do a top 5 list of things you may not have known about Pittsburgh. 

 So without further ado, here is our first installment.

 
While you might take a leisurely stroll to admire the great architecture along Grant Street or maybe you’re just running to get your lunch, walking down one of the main thoroughfares of the Central Business District wasn’t always so easy.  Grant Street as we know it was actually a hill. 

 
Grant’s Hill, or The Hump, rose 33 feet above current ground level.  Peaking at Fifth Avenue the hill graded all the way down to Smithfield Street.



Grant Street Site Plan
 
Uptown, was quite literally, up town.  Traversing the hill was a pain not just for pedestrians, but for the horses and carts that were commonly used at the turn of the century.  The city deemed the hill a detriment to travel and growth, and set out the long process of removing it.  Starting work in 1836, the hill was removed in three parts over the next 76 years, and finally complete in 1912.


Grant Street During Construction
 
 
Many of the buildings still show signs of the excavation, most notably, The Frick Building.  The pillars that start above ground level once stood flush with the original Grant Street.  The lions, which originally guarded the entrance to the building, now sit one story above looking down towards the entrance.  The basement of The Frick, then became the entrance and lobby we know today. 

 
 



Monday, March 25, 2013

Pittsburgh Real Estate Brokers Win CoStar Power Broker Awards - CoStar Group


Once again, Grant Street Associates, Inc. has earned the CoStar Power Broker Award for being among the Top Sales Firms and Top Leasing Firms in Pittsburgh in 2012.

Individually recognized Grant Street Associates Power Brokers include:

Robert N. Geiger - Office Leasing
Gary Roberson - Office Leasing
Jared Imperatore - Retail Leasing
JR Yocco - Retail Leasing
Randy McCombs - Industrial Leasing & Top 10 Sales Brokers
 
50% of our 2012 brokers have received a designation in their respective concentration.


 


Wednesday, November 28, 2012

Federal Reserve hires Cresco to sell its Pittsburgh building

Federal Reserve hires Cresco to sell its Pittsburgh building

The Federal Reserve Bank of Cleveland announced it is cutting 112 additional positions over the next year at its building on Grant Street, Downtown.
Joe Wojcik
The Federal Reserve Bank of Cleveland's former Pittsburgh home at 717 Grant Street is being sold.

, Senior Reporter- Pittsburgh Business Times
 
The Federal Reserve Bank of Cleveland Tuesday confirmed that it entered into a contact with Cleveland-based brokerage firm Cresco Real Estate to sell its former branch building in downtown Pittsburgh. Cresco in turn has partnered with Pittsburgh-based brokerage firm Grant Street Associates Inc., said Anne M. DiTeodoro, a spokeswoman for the Cleveland Fed, which oversees western Pennsylvania.
Last month, the Fed moved 23 employees to the new branch location in One Oxford Centre where it leased 14,079 square feet.
The building, located at 717 Grant St., once housed 300 employees. But in 2011, the U.S. Treasury Department decided to consolidate retail securities activities — the main function of the Pittsburgh staff — into the Federal Reserve Bank of Minneapolis.

Patty Tascarella covers accounting, banking, finance, legal, marketing and advertising and foundations. Contact her at ptascarella@bizjournals.com or (412) 208-3832. .

Thursday, September 20, 2012

Harsco Leases 17,000 SF at One Adams Place

Harsco Leases 17,000 SF at One Adams Place - CoStar Group

Harsco Metals America has leased 16,987 square feet at One Adams Place in Seven Fields, PA.

One Adams Place is a three-story, 102,000-square-foot office building constructed in 2004 in the Butler County submarket, as part of the Seven Fields Town Centre.

 
 
The landlord was represented by Tim Goetz, a founding member and managing principal of GSA. He is primarily responsible for landlord and tenant representation, owner and tenant relations, lease negotiations, analyses, and consulting. Mr. Goetz also is GSA’s primary liaison with Cushman & Wakefield, of which GSA is an Alliance member. Prior to forming GSA in March 1993, Tim spent 19 years with the Galbreath Company in Pittsburgh and held various positions including Director of Leasing and Senior Vice President. As SVP, he had responsibility for the management and leasing of nearly 6.0 million square feet of downtown and suburban office space.
 

Tuesday, September 18, 2012

The State of Downtown Pittsburgh 2012

Brian Kurtz, Research & Economic Development Manager for the Pittsburgh Downtown Partnership, dropped by Grant Street Associates' offices this morning to discuss and elaborate on The State of Downtown Pittsburgh Report 2012 published earlier this year.  If you have not had a chance to view this report, you can download it here.

The Pittsburgh Downtown Partnership is instrumental in bringing businesses and residents into the Golden Triangle and helping to improve the City of Pittsburgh.  Some of the services offered by the PDP include:
  • Clean & Safe Program - Keeps Downtown Pittsburgh streets free of debris & litter
  • Paris to Pittsburgh - Offers two matching grants to help property and business owners make building facade improvements and establish outdoor cafes.
  • Project Pop-Up - Invites local artists, entrepreneurs & non-profits to "pop" into Downtown Pittsburgh in select areas, for limited times

The PDP is a great advocate for making Downtown Pittsburgh a better place to live, work, eat & play. 

Tuesday, September 11, 2012

Football Only Concept Perfect for Western Pennsylvania


Nike & Champs have launched a new concept retail store that is geared toward Western Pennsylvania's favorite pastime -- football.  Although Nike & Champs have not determined where the next store will open, they have already launched a store in Wayne, N.J.

In a press release, Nike said they will serve "football athletes 365 days a year by providing access to unique products, training and game expertise, and professional athletes".

Will this new concept come to Western Pennsylvania?  Only time will tell.

Thursday, August 30, 2012

A Job Well Done at Champion Plaza



Grant Street Associates, Inc. would like to congratulate two of our outstanding brokers, Jared Imperatore & JR Yocco for successfully filling Champion Plaza in South Park.  They worked diligently to fill this 13,000 square foot retail center with quality, long-term tenants that fit the look and feel of the center.  Ownership of the center had this to say about the dynamic duo: