Schneider Downs leases office space in One PPG Place
Schneider Downs, one of the nation's largest public acounting firms, is moving back to Downtown.
The firm will move its Pittsburgh employees from a historic building on Penn Avenue in the Strip District to space in One PPG Place on Nov. 1.
It will lease space on the 17th and 18th floors, enabling teams from five business units to work together more efficiently, said CEO Raymond E. Buehler Jr.
“All our units have grown equally and ... because of our continued yearly growth, there is a need for us to relocate into larger floor space,” Buehler said.
In 2000, the company had 200 employees. Today the number in Pittsburgh is 270.
Schneider Downs provides accounting, tax, wealth management and business advisory services to public and private companies and nonprofit organizations. It owns the six-story building it occupies at 1133 Penn Ave. and listed it for sale with CBRE Inc. Several potential buyers have viewed it and “now we can consider offers,” Buehler said.
Established in 1956 by James T. Schneider and Paul Downs, the company initially occupied space in the Investment Building, Downtown. It bought the Strip District building in 1985, the year that Schneider and Downs retired.
The building, built in the 1800s, was designated as historic by the Pittsburgh History and Landmarks Foundation. That allowed Schneider Downs to obtain historic tax credits for upgrading the building.
Four years later, under the leadership of Buehler and Kenneth A. Rowles, who since has retired, the firm opened an office in Columbus, Ohio. That office now employs 85, Buehler said.
The company's growth happened without a merger. It developed separate companies to handle corporate financing, wealth management and staffing services, he said.
Today, Schneider Downs is one of the 60 largest public accounting firms in the United States, as ranked by Public Account Report, Accounting Today and Inside Accounting, Buehler said. It is registered with the Public Company Accounting Oversight Board in order to audit public companies, its website says.
The lease at PPG Place will bring occupancy of that building, owned by Highwoods Properties Inc. of Raleigh, N.C., to more than 90 percent, said Andy Wisniewski, Highwoods' Pittsburgh representative.
“We continue to be pleased with the strong leasing activity at PPG Place, having exceeded our 88-plus percent forecast for year-end 2012,” said Ed Fritsch, Highwoods CEO.
“We looked at a variety of buildings before selecting PPG Place, which provided in totality what we needed in an office,” Buehler said. Schneider Downs will join PPG Industries, H.J. Heinz Co.'s world headquarters, Deloitte & Touche and Ernst & Young as tenants in One PPG Place.
Sam Spatter is a staff writer for Trib Total Media. He can be reached at 412-320-7843 or email@example.com.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Natrona Bottling Co. keeps soda pop operation small, putting effort into craft, taste
- PPG Industries to buy Westmoreland Supply paint store chain
- Fannie Mae might take 3% down
- Streaming won’t mean the end of cable
- Large-scale batteries are integral in shift to renewable energy
- IBM to pay $1.5B to shed chip division
- Stocks on upswing
- Plastics, tech sectors crucial to cracker plants
- Hackers rip into heart of open-source software
- Augmented reality frees gaming from TV
- Open enrollment puts varied impact of health care law back in focus