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Verizon Office Building Trades for $4.4M

Hertz Investment Group sells sole 285,000 SF building from their Gateway Center portfolio
By Paul Dougherty
December 29, 2010 | 4:13 P.M.

Stanwix Street Associates, L.P., an affiliate of PMC Property Group, Inc. acquired the office building at 201 Stanwix St. in Pittsburgh, PA for $4.4 million, or approximately $15.44 per square foot. The 12-story, 285,000-square-foot office building was built in 1956 and is in Pittsburgh's Central Business District. The building has a small amount of retail space on the first floor. Randall McCombs and Michael Sell of Grant Street Associates represented the Seller, Hertz 201 Stanwix LP. Rudyard Porter of Porter Advisors, LLC represented the buyer. Please refer to CoStar COMPS #2013347 for more information on this transaction.

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