Category Archives: Landlord Representation
Renovations are underway at 601 Grant Street in Downtown Pittsburgh. Updates to the 17-story office tower include construction of a tenant lounge, shared conference facility, fitness center and yoga studio. The main lobby of the building is also being completely remodeled, including installation of an enhanced security system.
Bridgeville-based RDC Design + Build in addition to Grandview Developers purchased the former Federal Home Loan Bank building in 2018, making it their first acquisition in Downtown Pittsburgh. Fresh off completing a 105,000 SF transaction at its newly constructed District 15 in the Strip District, RDC has now set its sights on revamping 601 Grant Street, which has since been rebranded as Tower 601.
RDC’s team including John Deklewa, Shawn Fox, in conjunction with co-owners Ed Dunlap, Beau Beemsterboer and Jeffrey Hallas (have committed to enhancing the existing facets of Tower 601, while adding exciting new amenities for its existing and prospective tenants.
(Tower 601 Lobby Renovation Renderings)
“Tower 601’s renovation and re-branding is a major part of the overall rejuvenation of the Grant Street corridor,” Beemsterboer states.
The leasing team of Paul Horan and Ed Lawrence from Colliers International | Pittsburgh believe that these updates will resonate well with tenants and brokers in the market and enhance their leasing efforts at the 163,616 square foot building, directly across from the U.S. Steel Tower.
“Our firm is excited to bring this newly transformed product to a strong Pittsburgh office market,” said Lawrence, “It provides a solid option to companies who are looking for a work environment to recruit and retain top talent in the region.”
Yesterday, the Colliers International | Pittsburgh Agency Team of Paul Horan and Ed Lawrence, along with Sippel Enterprises, held a broker event at Waterfront Corporate Park. This event gave brokers the opportunity to view the available suites in Waterfront Building 2 while enjoying lunch catered by Beyond Parsley.
One of the features that sets Waterfront Corporate Park apart from other office park settings is the putting green adjacent to Building 2. Before taking a tour, the attending brokers were able to test their golf skills by attempting to sink a 15-foot putt for the chance to win a prize.
Each attendee received one practice shot, followed by three official attempts to sink the putt. While many brokers came close, only one person was able to make the shot. David Auel, of Avison Young, took home bragging rights along with the grand prize for being the only broker to make the putt.
Colliers International | Pittsburgh won four awards at the Western Pennsylvania Chapter of the Society of Industrial and Office Realtors (SIOR) Annual Awards Luncheon last week at the Rivers Club. The awards presented by David Ruppersberger, President of the Pittsburgh Regional Alliance, honor the region’s top brokers and deals of 2016.
Paul Horan, Founding Principal at Colliers International | Pittsburgh, and Edward Lawrence, Principal at Colliers International | Pittsburgh along with Jason Stewart at JLL won “Office Lease of the Year – Fringe” for representing 375 Northshore Drive in the 133,244 square foot People’s Natural Gas transaction.
Colliers International | Pittsburgh SIOR members Patrick Sentner, Founding Principal, and John Bilyak, Principal, won “SIOR Co-Broker of the Year – Pittsburgh Industrial” for their 148,000 square foot transaction at 405 Keystone Drive. Sentner and Bilyak represented the buyer in the $9.3 million deal.
“Colliers International | Pittsburgh was very proud to have so many of our transactions recognized at the recent SIOR Awards Luncheon,” Bilyak commented. “It is a tribute to the experience, depth and team approach within our office and a honor to receive these awards among the highest peer group within our industry.”
Justin Kline, Associate at Colliers International | Pittsburgh, was the only member of the firm to take home two awards. The first was for “Investment Sale of the Year – Industrial – Multi-tenant” on the sale of 460 Nixon Road. He represented the seller in the $20.3 million transaction. Kline also won “Emerging Broker – Seller Representative” for the sale of Center City Tower, a 300,000 square foot $21.5 million transaction.