THE THE GRANITE BUILDING THE GRANITE BUILDING 3I3 Sixth Avenue THE THE GRANITE BUILDING THE GRANITE BUILDING 3I3 Sixth Avenue For Sale THE GRANITE BUILDING 313 Sixth Avenue Pittsburgh, Pennsylvania 15222 GRANT STREET ASSOCIATES, INC. THE THE GRANITE BUILDING THE GRANITE BUILDING 3I3 Sixth Avenue THE THE GRANITE BUILDING THE GRANITE BUILDING 3I3 Sixth Avenue Table of Contents Executive Summary Property Overview Building History Location Map Market Overview GRANT STREET ASSOCIATES, INC. Contact Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance The depiction in the included photograph of any person, entity, sign, logo or property, other than Grant Street Associate’s (GSA) client and the property offered by GSA, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and GSA or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker ex- cept if otherwise provided pursuant to the express terms, rates and conditions of GSA’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any specific listing conditions, imposed by our principals. All photography is used with permission and licensed spe- cifically for Grant Street Associates, Inc. All logo usage is only to identify the owner of the logo, and that the logo is not authorized by, sponsored by, or associated with the trademark owner. Executive Summary Cushman & Wakefield | Grant Street Associates, Inc., as exclusive representative of Wood and Smithfield Streets. Next door is the the Owner, is pleased to present The Granite Building, located at 313 Sixth Avenue, Duquesne Club, the stately private sanctum of Pittsburgh, PA 15222 located along Sixth Avenue in Downtown Pittsburgh. The Pittsburgh’s leading industrialists and business Granite Building is being offered for sale exclusively and is situated in the heart of people. Neighbors across the street include two the Central Business District, the premier office submarket for Pittsburgh. grand nineteenth-century churches: The First Presbyterian Church and the adjoining Trinity Built in 1889-1890 as the Cathedral, flanking a picturesque graveyard German National Bank, The from the French and Indian War and built on Granite Building provided property bequeathed to the city in 1787 by the German immigrants to the Penn family. Pittsburgh area with a place where they could transact Among the many downtown candidates their banking in their native for redevelopment, The Granite Building is language. The building’s considered ideal, for its spaciousness and ample magnificent architecture,by light. This is achieved as a result of having no Bickel and Brennan, has been supporting columns throughout the floor plate, characterized by historians as as the façade itself is load bearing. With 3,900 “Richardsonian Romanesque,” square foot floor plates The Granite Building in the style of the famed lends itself to a multitude of redevelopment uses. H.H. Richardson’s Pittsburgh The building is only a short walk from downtown County Courthouse and Jail, a Pittsburgh’s corporate headquarters, and an few blocks away. Charles Bickel easy commute, via light rail(across the street), was a prominent Pittsburgh bus, or car, to the South Side, North Shore, or architect who designed several Oakland. The 35,000-SF building has 8 floors notable buildings downtown, plus a mezzanine and is situated on .18 acres in among them Kaufmann’s department store. The Granite the heart of the Cultural District, opposite the Wood Street Galleries. The Granite Building’s highly ornamented Building offers close proximity to downtown theaters, restaurants, and night life, façade was entirely carved by with professional sporting venues only a short stroll away. Italian stonemasons. The Property is being sold as an unoccupied building and represents an The Granite Building opportunity to benefit from Pittsburgh’s strong demand for office, residential anchors one corner of what apartments, condominium conversions, hotels, and retail. The Granite Building is is indisputably downtown being offered fee simple, free and clear of any debt. A specific asking price has Pittsburgh’s most beautiful not been established. block: Sixth Avenue, between GRANT STREET ASSOCIATES, INC. Typical floor plan Property Overview G A distinctive historic property with enourmous potential G Approximately 35,000 SF building with eight floors plus a mezzanine G 3,900 SF floor plates with unique architectural features Sixth Avenue G Charles Bickel’s ornamental masterpiece - authentic history from 1889 G The Granite Building anchors downtown’s most beautiful block; adjacent to the Duquesne Club and across from two nineteenth-century churches G Long floor plates and plentiful natural light allow for multiple uses including residential, office and hospitality G As a historic landmark, tax credits and other redevelopment incentives are available G Convenient to all public transportation options in downtown Pittsburgh Open floor plates with large operable windows G In the heart of it all; steps from the Cultural District night life, downtown’s finest GRANT STREET restaurants, riverside bike trails and walking distance to all Pittsburgh stadiums Wood Street ASSOCIATES, INC. Ample natural light and views GRANT STREET ASSOCIATES, INC. Building History Location Map Built in 1889–90 as the German The Granite Building anchors the corner of Wood Street and Sixth Avenue in National Bank and now a downtown Pittsburgh. This prime location in the Central Business District is a contributing structure in the walker’s paradise, just steps from The Cultural District, home to the Benedum Pittsburgh Central Downtown Center, Heinz Hall, O’Reilly Theater and the Byham Theater. National Register Historic District, The Granite Building provided PNC Park German immigrants to the David L. Lawrence Pittsburgh area with a place where Convention Center they could transact their banking in their native language. 9th Street Fort Duquesne Blvd Designed by Bickel & Brennan, the “Richardsonian Romanesque” 6th Street Penn Avenue Granite Building imitates the The Cultural District style of the Allegheny County Courthouse and Jail, designed by Liberty Avenue H. H. Richardson in 1884, just a few The Granite Building The Duquesne Club blocks away. Charles Bickel was Sixth Avenue a prominent Pittsburgh architect who designed several notable < Point State Park Mellon Square buildings downtown, among them Market Square Wood Street Kaufmann’s department store. Forbes Avenue Stanwix Street Smithfield Street Grant Street Downtown favorites within a 5-minute walk: G The Capital Grille G Meat and Potatoes G The Commoner G McCormick & Schmick’s G Ta ko G or, The Whale G Meat and Potatoes G Social House 7 G Vallozzi’s G Ruth’s Chris Steak House G Nicky’s Thai Kitchen G Pizzaiolo Primo G Eddie Merlot’s G Bakersfield G Molinaro G Eddie V’s G Ten Penny G City Works G Union Standard G Sienna Mercato G Nola on the Square G Butcher and the Rye G The Warren G Sienna on the Square GRANT STREET ASSOCIATES, INC. THE THE GRANITE BUILDING THE GRANITE BUILDING 3I3 Sixth Avenue Pittsburgh Market Overview Over the past three decades, the Pittsburgh region has undergone a dramatic Pittsburgh holds a century-long tradition of transformation, and now stands as one of our nation’s most appealing world-leading innovation and manufacturing locations for businesses to invest and for people to live, work, play and visit. excellence. The region’s top industries With strengths in higher education, health care, the arts, technology, advanced include energy, finance and business services, materials, financial services and homeland security, the region enjoys a diverse information technology, healthcare and life and thriving economy. sciences, education, medicine, technology and robotics. Pittsburgh is home to world-class Among its many benefits, the Pittsburgh region offers a low cost-of-living and robotics, manufacturing, medical and cyber low crime rate with multiple entertainment and cultural opportunities year- security R&D centers. round. A repeat recipient of Forbes.com’s America’s Most Livable City ranking, Pittsburgh is poised to continue its gradual but steady third renaissance. The burgeoning tech sector has strengthened the local economy while simultaneously Q2 2019 tightening the labor pool as companies vie for Pittsburgh’s unemployment rate dropped to 3.8% in the second quarter a limited supply of qualified talent to satisfy of 2019, which is the lowest rate since 1976, but still lags modestly behind growing workforce demands. The nation’s the national average. There were 8,900 new jobs created in the quarter, most promising and engaging technology demonstrating a slight uptick year-over-year. Pittsburgh ranked number eight companies call Pittsburgh home including on Livability.com’s “Top 100 Best Places to Live in America” in May of 2019, a Uber, ARGO AI, Facebook, Apple and others. large jump from number 34 in 2018. Local talent from top universities home to the