Shorenstein Snags 1M-SF One Oxford Centre in First-Time Pittsburgh Deal

Shorenstein Properties LLC recently made its investment debut in Pittsburgh, reportedly acquiring the 1-million-square-foot One Oxford Centre in downtown Pittsburgh from Oxford Development Co. Though specific details of the transaction were kept under wraps, sources believe the San Francisco buyer paid approximately $149 million for the property.

Located at 301 Grant St., One Oxford Centre encompasses 884,403 square feet of office space, a five-level atrium with 58,278 square feet of restaurants, shops and commercial office space, a fitness club and an eight-story garage with 850 parking spaces.

HFF’s John H. Pelusi Jr. and Mark Popovich represented the seller in the transaction.