ShareThis Page
Business

100-year-old Henry W. Oliver Building up for sale Downtown

| Saturday, June 19, 2010

The owner of the 25-story Henry W. Oliver Building, which this year celebrates its 100th year, has placed the 471,000-square-foot Downtown building on the market.

Brad Totten, senior vice president, Grubb & Ellis/Pittsburgh, was selected by the owner, Oliver Building Ltd. Partners, to market the building. No listing price was disclosed.

SN Phelps Realty LLC, a Connecticut-based firm, is listed as the general partner with LG Realty Partners, Downtown, as manager of the building, which the owner purchased in 1995 for $22.75 million, according to the Allegheny County real estate website. The seller was Travelers Insurance Co., which acquired the building after the local partnership owners in 1991 had filed for bankruptcy protection.

The building, at 535 Smithfield St., currently 30 percent occupied, has over 200,000 square feet of space available for leasing, following the departure earlier this year by K&L Gates LLP into One Oliver Plaza, which has been renamed K&L Gates Tower.

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.

click me