OFFICIAL PRESS RELEASE:
Davis Announces Lease Extension with Flagship Tenant Buchanan Ingersoll & Rooney at Historic Union Trust Building
May 27, 2026 – PITTSBURGH
Real estate investment, development, and management firm The Davis Companies (Davis), today announced that it has secured a long-term lease extension with its flagship tenant Buchanan Ingersoll & Rooney PC (Buchanan) at the iconic Union Trust Building, located at 501 Grant Street in Pittsburgh, PA. Buchanan Ingersoll & Rooney will continue to occupy 115,335SF, reflecting the firm’s continued desire to provide its clients and colleagues with a dynamic place to work and engage. .
Davis acquired the Union Trust Building in 2017 and completed a transformative $100 million redevelopment, restoring the property’s historic architectural character while modernizing its infrastructure and amenities. The building now blends modern design with contemporary functionality, offering tenants a highly differentiated workplace experience. Buchanan moved in following the restoration, as Davis leased 389,000 SF in three years.
“We are absolutely thrilled to continue our partnership with Buchanan Ingersoll & Rooney, a business and community leader whom we deeply respect” said Cappy Daume, Chief Portfolio Management Officer at Davis. “The firm’s renewed commitment to the Union Trust Building reflects the strength of the Pittsburgh office market and the building itself. Being a part of the Union Trust Building is more than an investment; it’s a point of pride in creating an ecosystem that blends work, entertainment, historic preservation, architectural beauty, and of course state of the art building infrastructure and amenities. Having Buchanan Ingersoll & Rooney as a centerpiece of this property is a testament that our ecosystem is alive and well.”
The Union Trust Building features a robust suite of amenities, including a state-of-the-art fitness center and locker rooms, a conference center with pre-function space, a 338-seat auditorium, a newly constructed lobby bar, on-site bike storage, 24-hour security, and a 175-space parking garage. The building is LEED Silver certified and has received 12 national and international architectural awards, further reinforcing its status as one of Pittsburgh’s most distinguished office assets.
“We are happy to extend our flagship lease in the Union Trust Building. As we celebrate Buchanan’s 175th anniversary, it’s only fitting to continue our work in a building that has been an iconic landmark in our hometown since the early 20th century,” said Jim Newell, CEO at Buchanan Ingersoll & Rooney PC. “Our space and the building’s amenities continue to cultivate an environment for our employees, and we look forward to great success here in the years to come.”
The extension with Buchanan represents the latest leasing milestone at the Union Trust Building, where Davis recently celebrated the opening of The Common Good, a healthy fast-casual restaurant that enhances on-site dining options and contributes to the building’s growing mix of tenant-focused amenities.
Jason Stewart and Jackie Bezek of JLL represented Davis and Gerry McLaughlin of Newmark represented Buchanan Ingersoll & Rooney in the transaction.
###
About Davis
Davis is a vertically integrated real estate investment, development and management firm that leverages five decades of experience, the strength of its leadership team and employees and a diversified portfolio to deliver maximum value for its investors and tenants. Headquartered in Boston and investing across the United States, Davis prides itself on taking a nimble, collaborative approach to delivering best-in-class results from complex opportunities. Since inception, Davis has invested in $13.9 billion in gross asset value through real estate equity, debt and fixed-income securities, Davis today owns a real estate portfolio of approximately 10.8 million square feet of healthcare and life science, industrial, retail, office and hospitality properties and more than 4,890 residential units across the United States. For further information, visit www.thedaviscompanies.com.
About Buchanan, Ingersoll & Rooney
Buchanan Ingersoll & Rooney is a national law firm with a proven reputation for providing progressive, industry-leading legal, business, regulatory and government relations advice to our regional, national and international clients. Our 475 attorneys and government relations professionals across 17 offices proudly represent some of the highest profile and innovative companies in the nation, including more than 40% of the Fortune 500.
Buchanan Ingersoll & Rooney extends lease at downtown Pittsburgh HQ
May 27, 2026 | Pittsburgh Business Times
Buchanan Ingersoll & Rooney PC has extended the lease for its flagship downtown Pittsburgh office at the Union Trust Building.
The Davis Cos., the Boston-based real estate investment, development and management firm that acquired the iconic building at 501 Grant Street in 2017, announced on May 27 that it has secured a long-term lease extension with the law firm. Buchanan will continue to occupy 115,335 square feet, Davis said.
Buchanan, Pittsburgh’s third-largest law firm, moved to the Union Trust Building in 2019 from One Oxford Centre after a three-year search. It was a homecoming: Union Trust had been the firm’s home from 1923 to 1952, a 29-year tenure that even eclipsed the past 24 at One Oxford Centre, two blocks away.
Cappy Daume, Davis’ chief portfolio management officer, said Buchanan’s renewed commitment reflects the strength of the Pittsburgh office market and the building itself.
“Being a part of the Union Trust Building is more than an investment; it’s a point of pride in creating an ecosystem that blends work, entertainment, historic preservation, architectural beauty and, of course, state of the art building infrastructure and amenities,” Daume said. “Having Buchanan Ingersoll & Rooney as a centerpiece of this property is a testament that our ecosystem is alive and well.”
Jim Newell, Buchanan CEO, said the firm is happy to extend its lease.
“As we celebrate Buchanan’s 175th anniversary, it’s only fitting to continue our work in a building that has been an iconic landmark in our hometown since the early 20th century,” he said. “Our space and the building’s amenities continue to cultivate an environment for our employees and we look forward to great success here in the years to come.”
Jason Stewart and Jackie Bezek of JLL represented Davis and Gerry McLaughlin of Newmark represented Buchanan Ingersoll & Rooney in the transaction.
Davis completed a transformative $100 million redevelopment of the Union Trust Building, restoring its historic architectural character while modernizing its infrastructure and amenities. The latter include a state-of-the-art fitness center and locker rooms, a conference center with pre-function space, a 338-seat auditorium, a newly constructed lobby bar, on-site bike storage, 24-hour security, and a 175-space parking garage. The building is LEED Silver certified and has received 12 national and international architectural awards. Buchanan moved in following the restoration, as Davis leased 389,000 square feet in three years.