At a recent press conference, Huntington announced a new long-term lease agreement that will make the Grant Building the bank’s Pittsburgh headquarters. Approximately 185 employees will move into the historic building in spring 2011, and the bank will open another Downtown branch in the building.
The lease agreement will extend through at least 2025 and create 60 new Huntington Bank jobs by 2015, bringing the total of Downtown Huntington jobs to 225.
In conjunction with McKnight Realty Partners, Huntington will contribute to nearly $5 million in improvements to the building as part of its lease occupancy. The bank will initially lease 52,000 square feet and grow to 58,700 square feet in 2014, including the new street level branch serving Downtown Pittsburgh.
Huntington Bank Region President Dave Hammer emphasized that Huntington is committed to a long and successful future in Pittsburgh and the surrounding region. “Bringing all of our Pittsburgh colleagues under one roof in the heart of the city will increase our opportunities for collaboration and growth. This is not only an investment in the future success of Huntington, but also an investment supporting the continued strength of Pittsburgh’s urban core. We are looking forward to driving the local economy as we raise our bank’s profile throughout Western Pennsylvania,” Hammer says.
In the lease transaction, Huntington received assistance from Gerry Dudley and Chandler Converse, of CB Richard Ellis, and McKnight principal Bill Rudolph and agent Lynne Arnold Springob represented the property. For more information on Huntington, visit huntington.com.