Category Archives: market
Colliers International Pittsburgh brokers Edward Lawrence and Paul Horan assisted US Out Patient Surgery Facilities LLC (“USOSF”) in selecting the site of their new Washington, PA center. USOSF is a company that develops and manages Ambulatory surgery and Office Based Surgery Facilities in partnership with its Surgeon owners.
The key objective was to locate a site within Washington for the expansion of the Jefferson Cardiology practice and the Greater Pittsburgh Surgery Center Surgery Center. The location required it to be easily accessible, convenient for patients while providing highly visible signage and abundant amenities.
After analyzing the market, USOSF selected Park Place, located on Park Place Drive in Washington, PA.
“Park Place is a new, mixed-use development that includes retail, office and a residential component,” stated Lawrence, “It is easily accessible from Route 19 to provide convenience for patients coming from Washington, the Meadowlands or North Strabane.”
The 6,061 SF outpatient surgery center will open in July of 2020.
“Thanks to Colliers assistance, we are pleased to bring the first hybrid office / ASF to the market and most importantly bring Michael Brown MD back to the Washington community. Dr. Brown joined the long established Cardiovascular practice of Jefferson Cardiology in 2019 and will bring advanced Endo Vascular and Cardiac skills to the community.” Keith Greenberg, General Manger.
Click the link below to see what the Colliers International | Pittsburgh brokers are saying about the impact of COVID-19 on the Pittsburgh Commercial Real Estate Market.
Above left to right: Paul Horan, Edward Lawrence
On Monday, February 17th, Colliers International | Pittsburgh participated in the quarterly meeting of Pittsburgh Robotics Network in the current offices of Hebi Robotics, the Chocolate Factory in Lawrenceville.
Paul Horan and Edward Lawrence of the Colliers Pittsburgh Office Brokerage Team delivered a comparative overview of the office markets in Pittsburgh, Boston and Silicon Valley. The presentation also included non-real estate factors such as cost of living, crime rate and education, information that was provided by Patty Horvatich and the research team of the Pittsburgh Regional Alliance.
The event was well attended and marks one of the first such events for the relatively newly formed, Pittsburgh Robotics Network.
“The intellectual and creative firepower in the room was remarkable. Robotics and Artificial Intelligence are two areas that are fueling the Pittsburgh economy, stated Lawrence, “The comparative information that we presented demonstrated to the group of attendees that Pittsburgh is well positioned to foster their growth, particularly in areas such as rental and housing costs.”
For more information about the Pittsburgh Robotics Network, please click here.
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.”