Monthly Archives: August 2011
Pittsburgh Industrial Market Snapshot
Source: NorthEast Real Estate Business August 2011 Publication
Contributed by John Bilyak, Principal & Director of Industrial Brokerage at Colliers International | Pittsburgh
John Bilyak, Principal & Director of Industrial Brokerage at Colliers International | Pittsburgh, recently contributed to the Northeast Real Estate Business publication, with a feature article that focuses on a snapshot of the Pittsburgh Industrial Market.
“While Pittsburgh has weathered the storm and our vacancy rate is healthy, the real story is that there is a need for additional well-located Class A inventory,” said Bilyak, who is responsible for industrial tenant and owner representation at Colliers International | Pittsburgh.
Class A Warehouse/Flex Building Leasing Opportunity in RIDC Industrial Park, O’hara Township
Colliers International | Pittsburgh is pleased to announce the availability of 58,000 +/- square feet in the 330,725 square foot Class A warehouse/flex building located at 615 Alpha Drive, RIDC Industrial Park, O’Hara Township, PA 15238. The Building was purchased by McKnight Realty Partners in 2008 and after undergoing a complete renovation was the award winner in 2010 for the NAIOP Best Renovation of the Year Project. Current tenants include Benshaw, a division of Curtiss Wright, and LKQ.
The leasing team includes John C. Bilyak, Principal and Director of Industrial Brokerage and Jessica Jarosz, Associate, of Colliers International | Pittsburgh. “We are extremely thrilled to provide the marketing and leasing efforts for 615 Alpha Drive,” stated Ms. Jarosz. “The plans for a new curtain wall, providing for a dedicated entrance to the available space, will offer a tenant an exclusive, attractive entry, with new walkway and landscape, along with direct access to on-site parking.”
Pittsburgh Region Outperforms Benchmark Cities, National Average
Source: Pittsburgh Regional Alliance (PRA)
The Pittsburgh region has enjoyed the distinction of consistently performing better than its benchmark cities and the national average despite some of the worst economic conditions since the Great Depression.
Pittsburgh’s East End experiencing commercial development renaissance
Sources: Pittsburgh Tribune-Review, Pittsburgh Business Times
Pittsburgh’s East End, home to major universities like the University of Pittsburgh, Carnegie Mellon University, Carlow University and Chatham University, as well as several well-known cultural institutions, including The Carnegie Institute’s Museums of Art and Natural History, Frick Art & Historical Center, Phipps Conservatory, Soldiers and Sailors Memorial Hall, and the Pittsburgh Zoo and PPG Aquarium, are welcoming new business and retail neighbors to the area, as commercial development in the East End becomes increasingly popular.
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