New Ownership Group to Make Substantial Capital Investment to Seven of Eleven Buildings in Greentree Office Complex

Market Street Real Estate Partners and JDI Realty has announced the selection of full service brokerage firm Colliers International | Pittsburgh as exclusive leasing agent for the group’s newly acquired assets, Buildings One, Two, Four, Six, Seven, Nine and Ten at the Parkway Center complex in Greentree. The ownership group will implement a substantial capital investment that will modernize the buildings and re-energize the overall complex. Planned changes include new landscape design, repaving of parking areas, new lighting, walls, ceilings, restrooms and elevator cabs.

The buildings at Parkway Center, a Class A & B office and retail complex, sit on a 20.7 acre campus setting that includes 622,771 square feet of office space encompassed by the seven buildings. Colliers International | Pittsburgh will be responsible for leasing office vacancies within the complex, including Building Seven comprising 288,654 square feet of Class A space, which will be rebranded as “THE TOWER AT PARKWAY CENTER”.

Additionally, the entirely vacant Building Ten provides the market with a rare signature building opportunity at a size of 39,670 SF. Market Street Real Estate Partners plans major renovations to Building Ten to include replacement of the existing smaller windows with larger glass windows and extensive landscaping around the structure.

Other vacancies in the buildings vary in size from as small as 500 SF to as large as approximately 22,000 SF contiguously, providing office solutions for a wide range of prospective tenants.

Robbie Oppenheim, Pittsburgh born partner with Market Street Real Estate Partners, commented, “We are pleased to bring in Colliers International | Pittsburgh to market the increasingly attractive profile of the Parkway Center complex. We believe our capital improvement plan for these properties promises to deliver state-of-the-art buildings and very attractive homes to both an anchor tenant in Building Ten and other companies looking for well-located office space.”

The design improvements to the buildings will be rolled out in the upcoming months and will culminate with an open house event in late summer/early fall.

“Parkway Center Building Ten offers a signature building opportunity with attractive signage for a single tenant along with the advantage of a well capitalized and stable ownership in Market Street Real Estate Partners and JDI Realty,” commented Colliers International | Pittsburgh’s Founding Principal Paul Horan, who will lead the leasing team comprised of Vice President of Office Brokerage, Edward Lawrence.