PITTSBURGH, January 17, 2020 - JLL Capital Markets announced today that it has closed the sale of certain subsidiaries of Columbia Property Trust that own the Westinghouse Electric Company Headquarters, an 823,979-square-foot Class A corporate headquarters building in the Pittsburgh-area community of Cranberry Township, Pennsylvania.

JLL represented the seller, Columbia Property Trust, and procured the buyer, an institutional investor.

Completed in 2009, the Class A trophy office complex is 100% triple net leased to Westinghouse Electric Company as its International Mission Critical Nuclear Corporate Facility housing its global corporate headquarters and executive offices, research and development, and support functions. The LEED-certified property is considered the most amenitized office complex in the Pittsburgh MSA featuring fitness facilities; tennis, basketball and volleyball courts; childcare; a cafeteria; walking trails; 24-hour building security and a PNC Bank Branch.

The Westinghouse HQ is located at 1000 Westinghouse Drive, approximately 20 miles north of Pittsburgh in Cranberry Township, one of the fastest-growing submarkets of the Pittsburgh MSA. This location offers a robust amenity base of retail, restaurants and hotels and has convenient access to Interstates 76 and 79 providing connectivity to the entire Pittsburgh region.

The JLL Capital Markets team representing the seller was led by Executive Managing Director John Pelusi and Senior Managing Directors Mark Popovich, Mark West and Coler Yoakam and Associate Nick Unkovic.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit the firm's U.S. media center Web page: U.S. newsroom.

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Jones Lang LaSalle Inc. published this content on 17 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2020 21:48:05 UTC