Federated Hermes Tower is a skyscraper in
Pittsburgh, Pennsylvania
Pittsburgh ( ) is a city in Allegheny County, Pennsylvania, United States, and its county seat. It is the List of municipalities in Pennsylvania#Municipalities, second-most populous city in Pennsylvania (after Philadelphia) and the List of Un ...
. The building is part of Liberty Center, a two-building complex which also includes the
Westin Convention Center Hotel. It was completed in 1986 and has 27 floors and of space. It is the 16th tallest building in the city and houses the corporate headquarters of
Federated Hermes.
Liberty Center was developed and built by Liberty Center Ventures, a partnership of
Forest City Enterprises and Jos. L. Muscarelle, Inc., and opened in December 1986. The $137million mixed-use complex was the first major development following the
Renaissance II burst of construction in downtown Pittsburgh.
The entire Liberty Center complex opened in December 1986.
The complex was financed from three sources: a $99million loan from Metropolitan Life Insurance Company, $21million from the Pittsburgh Urban Redevelopment Authority, and the remainder from Jos. L. Muscarelle, Inc. and Forest City Enterprises.
In August 2013 the tower was sold by Forest City to
Starwood Capital Group for $135million.
On February 18, 2014, the tower opened the newly relocated downtown post office on the lobby floor.
In January 2017,
CBRE Global Investors purchased the Federated Tower for an estimated $98million. The purchase did not include the adjacent
Westin Convention Center Hotel, which was part of the 2013 by
Starwood Capital Group.
See also
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List of tallest buildings in Pittsburgh
References
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Skyscraperpage
{{Pittsburgh
Skyscraper office buildings in Pittsburgh
Headquarters in the United States
Financial services company headquarters in the United States
1982 establishments in Pennsylvania