Updated Sep 9, 2024
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
Pittsburgh Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Browse Pennsylvania office leases on Traded.
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