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Federal Reserve lists Pittsburgh building for sale

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By Thomas Olson
Tuesday, Nov. 27, 2012, 2:18 p.m.

The Federal Reserve Bank of Cleveland is a step closer to selling its landmark building Downtown that housed its Pittsburgh branch for 81 years.

The nation's central bank hired Cleveland-based Cresco Real Estate and Pittsburgh-based Grant Street Associates Inc. to market the 200,000-square-foot building, said bank spokeswoman Anne DiTeodoro. Built in 1931, the structure has a market value of $6.5 million, including the land, according to Allegheny County records.

The Fed moved its Pittsburgh branch and 23 workers down the street to One Oxford Centre's 30th floor in October. The operation employed more than 300 as recently as early 2011.

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