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525 William Penn Pl, Pittsb...

Updated Sep 9, 2024

Dan Adamski Of JLL Represents Tenant In Lease At 525 William Penn Pl Pittsburgh PA
LEASEDOffice

Dan Adamski Of JLL Represents Tenant In Lease At 525 William Penn Pl Pittsburgh PA

525 William Penn Pl, Pittsburgh, PA, 1...

Building Size

17,160 SF

Asset Type

Office

Closing

Nov 19, 2023

About this deal

AI

525 William Penn Place is a 17,160-square-foot office space located in Pittsburgh. The property signifies a strategic relocation for GRB Law, which has operated from the historic Frick Building as one of its original tenants for over a century. GRB Law plans to occupy its new headquarters in the fourth quarter.

Summary of transaction details:

  • Property Type: Office Lease
  • Transaction Amount: Not disclosed
  • Address: 525 William Penn Pl, Pittsburgh, PA
  • Market: Pittsburgh
  • Tenant: GRB Law
  • Tenant's Representative: Dan Adamski - JLL
  • Landlord: Unknown

Dan Adamski and Reid Mauro of JLL played key roles in representing GRB Law during the site selection and lease negotiations, ensuring that the firm secured its new headquarters effectively.

Players

Dan Adamski

JLL

Broker

1 deal

Broker

Pittsburgh Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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