JLL arranges $69 million recapitalization of Piatt’s Tower Two-Sixty in Pittsburgh

Jones Lang LaSalle Incorporated

Jones Lang LaSalle Incorporated

JLL

0.00
  • JLL completed a $69 million recapitalization of Piatt Companies’ Tower Two-Sixty mixed-use tower in downtown Pittsburgh.
  • The transaction split the asset into a land sale under a ground-lease bifurcation and separate financing for the leasehold improvements.
  • Woodbranch Investments bought the land component, while Dollar Bank provided the leasehold financing.
  • The property includes 130,000 square feet of Class A+ office, a 197-key Hilton Garden Inn, ground-floor retail, and a 321-space parking garage.
  • Tower Two-Sixty was completed in 2016 and is 95.6% leased.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on May 18, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.