Colliers International | Pittsburgh Announces Lease of Lockamp Plaza
– The 15,000 SF Flex Building Located on Babcock Boulevard is Projected to be Newly Renovated and Fully Occupied by 3rd Quarter 2013 –
Colliers International | Pittsburgh is pleased to announce the successful leasing assignment of Lockamp Plaza located at 3221 Babcock Boulevard in Pittsburgh’s North Hills. The 15,000 SF flex building will be newly renovated and fully occupied by projected 3rd Quarter 2013. John Bilyak SIOR, CCIM, Principal, and Jessica Jarosz, Vice President at Colliers International | Pittsburgh represented the landlord in the marketing and leasing efforts.
Lockamp Plaza will be the new home of Aramark Refreshment Services.
“We were able to effectively lease the property within six (6) months of listing the building and implementing our marketing strategy,” stated Jessica Jarosz.
“It helped that the northern market is really tight, but the key to successfully leasing the building, was the owners creativity,” added John Bilyak SIOR, CCIM. “By removing the front building, they reduced their total rentable square footage, but dramatically increased the efficiency and access to the remaining 15,000 SF. It takes a certain amount of courage and conviction to embrace that approach, but it proved very effective.”
Kim Batchelor of Grant Street Associates represented the tenant, Aramark, in the transaction.
Colliers International | Pittsburgh offers flexible, customized solutions to meet and exceed client goals, including brokerage, consulting, corporate services, facility and asset management, investment services, project management, valuation services, marketing and market research to individuals, business and investors. The firm has 16 brokers plus support staff and approximately 10 million square feet of active listings.
ARAMARK is a leader in professional services, providing award-winning food services, facilities management, and uniform and career apparel to health care institutions, universities and school districts, stadiums and arenas, and businesses around the world. The company is recognized as one of the “World’s Most Ethical Companies” by the Ethisphere Institute, as the industry leader in FORTUNE magazine’s “World’s Most Admired Companies,” and as one of America’s Largest Private Companies by both FORTUNE and Forbes magazines. ARAMARK seeks to responsibly address issues that matter to its clients, customers, employees and communities by focusing on employee advocacy, environmental stewardship, health and wellness, and community involvement. Headquartered in Philadelphia, ARAMARK has approximately 255,000 employees serving clients in 22 countries.
About Colliers International
Colliers International is the third-largest commercial real estate services company in the world, with over 12,300 professionals operating out of more than 520 offices in 62 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International the top U.S. real estate company. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.
Posted on March 1, 2013, in Achievements, Landlord Representation and tagged ARAMARK, Colliers International, Leasing, Lockamp Plaza, Pittsburgh Commercial Real Estate. Bookmark the permalink. Comments Off on Colliers International | Pittsburgh Announces Lease of Lockamp Plaza.