TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Federal Reserve lists Pittsburgh building for sale

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

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.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Tesla home battery at $7K, partnered with rooftop solar system, may help reduce power bills
  2. With higher student debt than ever, millennials rely on support from parents
  3. Consistency keeps Cellone’s Bakery customers coming back
  4. EPA to release biofuels proposal by June 1
  5. Cuba’s dairy industry, once touted as a success, is struggling
  6. Charter Communications makes offer for Time Warner Cable
  7. How to cover work history gaps
  8. This robot is cute, artificially intelligent and employed
  9. Financial planning for disabled people a little-tapped field
  10. Parent of Lane Bryant, Justice to buy owner of Ann Taylor for $2B
  11. AT&T evolves beyond phones