CBRE Global Purchases Prime Pittsburgh High-Rise

Liberty Center, a 529,300-square-foot tower, marks the company’s first foray into the Steel City office market.

Liberty CenterLiberty Center

Pittsburgh—After a highly acquisitive 2016, CBRE Global Investors kicks off the New Year by announcing the purchase of Liberty Center, a 529,300-square-foot office asset in Pittsburgh. A fund advised by the global real estate investment management firm snagged the 27-story tower, taking it off the hands of Starwood Capital Group.

Liberty Center last changed hands as part of Starwood’s $135 million acquisition of the office building and the connecting 616-key Westin Convention Center Hotel in 2013, in a deal that priced the office segment at approximately $60 million. CBRE Global is remaining mum on the amount it paid for Liberty Center—sans hotel—but per a Pittsburgh Post-Gazette article, the price tag is thought to be roughly $98 million…

CBRE Global Purchases Prime Pittsburgh High-Rise

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