Union Trust Building Leases Out Final Retail Piece To Speckled Egg Café

THE DAVIS COMPANIES ANNOUNCES LEASE OF LOBBY BAR AT UNION TRUST BUILDING IN DOWNTOWN PITTSBURGH TO THE SPECKLED EGG CAFÉ

 

By Bailey Hall, CBRE

August 15, 2019

Pittsburgh The Davis Companies today announced that it has secured a 2,432 square-foot lease for The Speckled Egg at the Union Trust Building located at 501 Grant Street in Downtown Pittsburgh. The café lease completes the final retail piece of the redevelopment at the landmark 11-floor office tower which was constructed in 1917 by industrialist Henry Clay Frick.

Boston-based, The Davis Companies (“TDC”) is led by Pittsburgh native Jonathan Davis. The company has restored the 100-year-old Union Trust Building, added multiple first class amenities and attracted a prestigious tenant roster of premier retail tenants who will occupy 40,000 square feet of space and offer six unique dining experiences and close to 400,000 sf of national law firms and technology companies.

“When we set out to redevelop this historic gem in Downtown Pittsburgh we set high expectations for its outcome,” said Davis. “With the addition of The Speckled Egg to our world class tenant-mix, our vision has been exceeded. We are elated to have such talented chef owners who will provide a tremendous amenity for our tenants and neighbors alike.”

Ownership had a vision for the creation of a transformative lobby café that would enliven the central rotunda of the landmark property and would provide breakfast, lunch, “grab-n-go” and happy hour. The  Speckled Egg will provide all four services.

CBRE Executive Vice President and Northeast Director, Herky Pollock, represented both The Davis Companies and The Speckled Egg in the lease negotiations. “I am thrilled to have found the missing piece of the puzzle at the Union Trust Building,” said Pollock. “To procure such skilled chefs to fill several voids is the cherry on the sundae of this world class redevelopment.”

The Speckled Egg Café will be owned and operated by husband and wife team, Nathan and Jacqueline Schoedel, two Pittsburgh-based premier chefs who discovered their love for food at a very young age.

Jacqueline is a culinary professional with more than ten years of cooking and managerial experience. She was one of the original restaurateurs at the Smallman Galley food hall, operating as Josephine’s Toast. She has worked at various restaurants in Downtown Pittsburgh. Her presence on social media caught the attention of a TV casting director, earning her a spot on the television series “Cutthroat Kitchen Season 8” on the Food Network. Currently, Jacqueline is the Executive Chef at Mediterra Café in Sewickley, Pennsylvania.

Nathan has been in the Pittsburgh restaurant scene for over 10 years, continuously moving forward in his positions. Some of his most recent experiences include Manager at Muddy Waters Restaurant Group, Assistant Executive Chef at Gaucho Parrilla, as well as part of the field crew at Rivendale Farms, taking his experience from the kitchen to the source of local ingredients.

Other retail tenants at the Union Trust Building include Eddie V’s Prime Seafood, Union Standard, Freshii, Jimmy John’s and Del Frisco’s Double Eagle Steakhouse (scheduled to open in early 2020). The Speckled Egg is scheduled to open for business in November 2019. More information can be found by following the café’s Instagram handle, @thespeckledeggpgh.

For more news and information on The Union Trust Building, visit the Union Trust Case Study & News Page

 

Contact:

Bailey Hall

+1 215 561 8921 |  Bailey.hall@cbre.com

About The Davis Companies

The Davis Companies is an integrated real estate investment, development and management firm headquartered in Boston that has invested more than $6.2 billion in gross asset value through real estate equity, debt and fixed-income securities. A combination of capital markets, development and management expertise allows The Davis Companies to nimbly tackle complex opportunities. Directly, and with its valued partners, The Davis Companies currently owns a real estate portfolio of approximately 10.2 million square feet of office, retail, hospitality, light industrial, healthcare and life science properties and approximately 5,000 residential units across the Eastern United States. For further information, visit www.thedaviscompanies.com.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.