Category Archives: Tenant Representation

Q3 2020 Industry Market Reports

Click here to view the Q3 2020 Office Report.

Click here to view the Q3 2020 Retail Report.

Click here to view the Q3 2020 Industrial Report.

Colliers International Pittsburgh Assists RJ Community Management with Office Search

Colliers International brokers Edward Lawrence and Paul Horan assisted RJ Community Management in the selection of their newest office location at 4900 Perry Highway. With a move in date of August 2020, the 9,350 RSF suite allowed RJ Community Management to consolidate their Cranberry location and Arnheim & Neely’s Oakland location, a firm they acquired in August of 2019.

RJ Community Management is a firm which specializes in Homeowners and Condominium Association management including single family homes, townhomes, patio homes, condominiums, mixed use, and luxury high-rise buildings.

“We are thrilled with our new office space and location just off the Perrysville Highway exit of  I-279. Paul and Ed of Colliers International did a fantastic job helping us locate several options for our growing business and ultimately negotiate a sensible rental rate on a space that will serve our clients well and help us continue to expand our business,” said Robert Gillenberger, Jr. of RJ Community Management, “We started the process before COVID-19 and worked through the challenges of the virus in a time when most offices are shutting down for remote work. Our new space allows for our employees to work safely, stay socially distant, and provide for a healthy work-life balance.”

This new space at Perry Highway will allow RJ Community Management to better serve their clientele of more than 140 associations and 10,000 households through a more efficient single floor layout, an outdoor area, and prominent exterior signage. The size of the suite also allows room for the anticipated growth of the firm which currently employees 25 people.

“Despite the challenges presented by COVID-19, Colliers was very pleased to meet and actually exceed RJ Management’s initial expectations related to the new office,” stated Horan. “This was done through the use of technology and the cooperative efforts of Joe Tosi of Oxford Development Company who represented the building owner, Rick Stern.”

For more information about RJ Community Management, please visit www.rjcmgt.com.

Paul Horan Serves as Panelist on “Coffee with CoreNet”

CoreNet, an organization with a mix of Corporate Real Estate Executives and service providers, hosts a monthly discussion within their Pittsburgh chapter, “Coffee with CoreNet,” a discussion of current real estate trends in the market.

During this month’s installment of “Coffee with CoreNet”, held yesterday August 18th, our very own Paul Horan (Principal | Office Brokerage) had the opportunity to serve as a panelist and provide his expertise on the current state of the Pittsburgh office market pre and post COVID 19. Horan, a founding member of CoreNet’s Pittsburgh chapter, has over 30 years of commercial real estate experience and specializes in leasing office product, representing both owners and tenants.

Yesterday’s presentation also featured Jeremy Waldrup, President & CEO of Pittsburgh Downtown Partnership as the moderator and Jim Winter, Senior Director of Corporate Services/Commercial Brokerage at Hanna Langholz Wilson Ellis as another panelist.

The discussion centered around the state of the Downtown Pittsburgh commercial real estate market and how working from home is impacting lease structure, rental rates, and marketing efforts.

“Going in to 2020 all of us here at Colliers International | Pittsburgh were positive about the market,” stated Horan, “Our team was projecting a lot of transactions and thankfully during the first quarter, we were able to successfully conclude a number of those.”

While leasing in submarkets such as the Central Business District have slowed, opportunities have emerged in suburban office submarkets.

“Companies that have a major presence in town have the opportunity to turn to suburban satellite offices, so employees do not have to rely on public transportation or sharing an elevator,” said Horan.

These trends coincide with what tenants are looking for during a time when a majority of their employees continue to work from home. However, Horan does not see this as a permanent trend and believes Pittsburgh’s CBD will bounce back, “Long term, Pittsburgh should fare well based on the diverse drivers of our economy continuing to flourish.”

To view this month’s full installment of “Coffee with CoreNet”, please click here.

For more information on CoreNet, please click here.

Colliers Pittsburgh Chit Chat with Jared Foster