PITTSBURGH-GLL Real Estate Partners, an investment company based in Munich, has purchased the 11 Stanwix Street office building in Downtown Pittsburgh for an amount of $66.6 million. The 24-story office tower measuring 432,238 square feet was sold by Stanwix Lender Associates.
Rugby Realty purchased the building, previously known as Westinghouse Tower, in 2008. The property is 94% occupied with tenants such as First Niagara Financial Group, Brunner, the Commonwealth of Pennsylvania and Health America. CB Richard Ellis brokers handled the deal. For the full story, go to Pittsburgh Business Times .
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