The Henry W. Oliver Building

Purchased in 2011 for $12,500,000, this masterpiece of American architecture, designed by preeminent early 20th century architect Daniel Burnham, was previously the headquarters for K & L Gates as it grew into a major international law firm. When K & L Gates relocated their headquarters, the loss of a 275,000 sq. ft. tenant created a huge vacancy to fill. McKnight saw a unique opportunity to create value; by subdividing the building and developing floors 3-14 as first-class office space and floors 2 and 15-25 as an Embassy Suites By Hilton – Pittsburgh Downtown the building was uniquely situated for this type of dramatic redevelopment. Total investment in the property will exceed $80,000,000. Nearly the entire office space will be fully renovated and occupied by first class tenants. The 228 room all-suite hotel, in one of the most unique and elegant buildings in the downtown area, will be a show piece for Pittsburgh and the Hilton Brand of Hotels. It will include 15,000 sq. ft. of conference space and a sky lobby on the 25th floor with the check-in desk, restaurant, bar, swimming pool and exercise facility. The hotel will open in December of 2015. Additionally, McKnight is constructing a 600 car garage, which will include 25,000 sq. ft. of retail space, on the site of the former Saks Fifth Avenue building located directly across street. The redevelopment of Saks into a parking structure will add value to both the hotel and office tenants.

 

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property information

Location: Pittsburgh, PA
Purchased: 2011
Area: 468,922 sf
Leasing Information: McKnight Realty Partners
Lisa Tiche
(412) 281-9000

tenants

The Mosites Company
Meyer, Unkovic & Scott LLP
Leland Schermer & Associates, P.C.
Chemistry Communications, Inc.
Rawle & Henderson, LLP
Northwest Savings Bank
The Design Alliance Architects

Embassy Suites by Hilton – Pittsburgh Downtown

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