{"id":1004345390,"date":"2019-08-12T08:15:02","date_gmt":"2019-08-12T16:15:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004345390"},"modified":"2021-09-10T09:14:11","modified_gmt":"2021-09-10T17:14:11","slug":"rockwell-venture-capital-trades-historic-pittsburgh-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rockwell-venture-capital-trades-historic-pittsburgh-asset\/","title":{"rendered":"Rockwell Venture Capital Trades Historic Pittsburgh Asset"},"content":{"rendered":"<div id=\"attachment_1004345396\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/5075.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004345396\" data-attachment-id=\"1004345396\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/rockwell-venture-capital-trades-historic-pittsburgh-asset\/attachment\/5075\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/5075.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Convention Tower\" data-image-description=\"&lt;p&gt;Convention Tower&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Convention Tower&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/5075.jpg?w=800\" class=\"wp-image-1004345396 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/5075.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/5075.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/5075.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/5075.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004345396\" class=\"wp-caption-text\">Convention Tower<\/p><\/div>\n<p>Market Street Real Estate Partners has acquired Convention Tower, a 91,000-square-foot office building in downtown Pittsburgh, for $7.7 million. Yardi Matrix identified the seller as Rockwell Venture Capital.<\/p>\n<p>The asset last sold in 1989, when Huntington National Bank traded the property for $3.8 million, Yardi Matrix shows.<\/p>\n<p>The property encompasses two conjoined buildings featuring Victorian and early 20th-century&nbsp;architecture. It was built in phases between 1870 and 1914 and was last renovated in 1989. Tenants include A to Z Communications, PSAN, The Oasis Recovery Center and Century Hospitality. The asset has a 560-square-foot conference room and approximately 6,000 square feet of retail at street level.<\/p>\n<p>Located across the street from the David L. Lawrence Convention Center at 960 Penn Ave. in the Penn-Liberty Historic District, the tower is surrounded by a wide array of restaurants, hotels and art centers. Pittsburgh&#8217;s Union Station is within a quarter mile of the property, and various public bus routes and a bike lane provide easy transportation throughout the area.<\/p>\n<p>Last summer, a Lionstone Investments joint venture purchased a historic asset 3 miles east of Convention Tower. The new owner plans to <a href=\"https:\/\/www.commercialsearch.com\/news\/lionstone-walnut-capital-snag-historic-pittsburgh-asset\/\">redevelop the former clubhouse<\/a> into a 90,000-square-foot office building, complete with modern amenities and retail space.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Convention Tower, part of the Penn-Liberty Historic District, encompasses two adjoined office buildings constructed in the late 19th and early 20th century.<\/p>\n","protected":false},"author":741,"featured_media":1004345396,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,10,21747,1602],"tags":[46631,46634],"class_list":["post-1004345390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-northeast","category-office","category-pittsburgh","tag-market-street-real-estate-partners","tag-rockwell-venture-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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