Huntington Bank Leases Grant Building Through 2025
Huntington to add another downtown branch and double the number of employees working in the Golden Triangle
PITTSBURGH, Aug. 6 /PRNewswire-FirstCall/ -- Huntington Bank (Nasdaq: HBAN; www.huntington.com) today announced it will move approximately 185 employees into downtown's Grant Building in spring 2011 as part of a new lease agreement that will extend through at least 2025. The move will create 60 new local 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 52,500 square feet and grow to 58,700 square feet in 2014, including the addition of a new street-level branch serving downtown. Huntington operates another downtown branch on Smithfield Street.
"Huntington is committed to a long and successful future in Pittsburgh and the surrounding region," said Huntington Bank Pennsylvania Region President Dave Hammer. "Bringing all of our Pittsburgh colleagues under one roof in the heart of the city will increase our opportunities for collaboration and growth."
Huntington's lease at the Grant Building can be extended through 2035. The bank's administrative offices will occupy floors two, four and five of the building. Construction improvements to the space have already begun.
"This is not only an investment into the future success of Huntington but also an investment supporting the continued strength of Pittsburgh's urban core," Hammer said. "We are looking forward to driving the local economy as we raise Huntington's profile throughout Western Pennsylvania."
Huntington employs a current workforce of 445 in Western Pennsylvania and is actively recruiting for 30 additional positions. Huntington has branches in greater Pittsburgh, its suburbs and in Beaver, Butler, Lawrence, Mercer, Washington and Westmoreland counties.
In the Grant Building lease transaction, Rich Machinski and Norm Bertke of Huntington received assistance from Gerry Dudley and Chandler Converse of CB Richard Ellis, while McKnight principal Bill Rudolph and agent Lynne Arnold Springob represented the property.
Huntington Bancshares Incorporated is a $52 billion regional bank holding company headquartered in Columbus, Ohio. Through its affiliated companies, Huntington has been providing a full range of financial services for 144 years. Huntington offers checking, loans, savings, insurance and investment services. It has more than 600 branches and also offers retail and commercial financial services online at huntington.com; through its telephone bank; and through its network of over 1,300 ATMs. Huntington's Auto Finance and Dealer Services group offers automobile loans to consumers and commercial loans to automobile dealers within our six-state banking franchise area.
SOURCE Huntington Bank
Released August 6, 2010