McKnight Realty Partners is a real estate investment firm led by members of two prominent Pittsburgh families: Bill Rudolph and Chuck Perlow. The firm’s goal is to acquire and improve outstanding commercial properties and build a national portfolio.
In 1999, McKnight Realty Partners purchased the former Gimbel’s Department Store, a nearly vacant, 100-year-old, 800,000 square-foot building in Pittsburgh, Pennsylvania. After extensive renovations, including the addition of an eight-story atrium, the business partners were able to lease 94% of the building by the end of the year 2000. The building is anchored by Heinz North America. Renamed the Heinz 57 Center, the building is now one of Pittsburgh’s most prestigious addresses.
McKnight Realty Partners subsequently purchased additional properties in Pittsburgh and expanded into other markets, including Indianapolis, Indiana; Chicago, Illinois; Columbus and Cincinnati, Ohio; and Dallas, Texas.