Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

One Oxford Centre Owner Reaches 8 Lease Deals

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

One Oxford Centre Owner Reaches 8 Lease Deals

Article excerpt

Even as it pushes the envelope on rents in the Downtown office market, the new owner of One Oxford Centre has snagged lease agreements with eight new or existing tenants.

Shorenstein Properties announced Monday that it has reached the deals since buying the distinctive 45-story skyscraper on Grant Street for $148.7 million in January. The leases total more than 150,000 square feet in the 1 million-square-foot building.

New tenants include retailer Faber, Coe & Gregg, which will be taking space in the lobby, and the Commonwealth of Pennsylvania, on behalf of several judges, said Jeremy Kronman, the CBRE executive vice president who is handling leasing for Shorenstein.

Others to sign leases are Staley Capital Advisers; Morgan Lewis & Bockius LLP; the Rivers Club; Oxford Development Company, which sold the skyscraper to Shorenstein; Oxford Realty Advisors; and Philip Pelusi.

"We are getting a very positive reception from existing and new tenants as we sit down and discuss the new building renovations. …

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