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Colliers International | Pittsburgh Announces the Sale of 109 Pleasant Drive, Aliquippa, PA

-Two buildings encompass approximately 19,500 SF-

Colliers International | Pittsburgh is proud to announce the sale of the former corporate headquarters for Iron City Constructors located at 109 Pleasant Drive. The property was sold by MV Holdings for $1,300,000 to an undisclosed buyer.109 Pleasant Drive

Anthony Pantoni, Vice President | Industrial Brokerage, and Luke Hingson, Investment Services Specialist at Colliers International | Pittsburgh, represented the owner.

The 3-story building was built in 2001 and is located just off of the I-376 exit, minutes from the Pittsburgh International Airport and Beaver Valley Mall.

“This is a significant transaction for the Beaver County market.  There just are not many non industrial sites that will sell for such a significant number,” said Anthony Pantoni a Beaver County native. “We have always considered Beaver County to be an area of growth for commercial real estate. I am pleased to be able to continue to work in an area I know so well. With the continued increase in demand created by the Marcellus and Utica Shale gas supply, we see nothing but great things for this entire market.”

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Energy Inc. Conference and Tradeshow Accelerates Discussion on Future of Marcellus & Utica Shale in the Tri-State Area

Sources: Observer Reporter; Pittsburgh Post-Gazette; Pittsburgh Business Times 

Southwestern Pennsylvania is poised to become a petrochemical and manufacturing world leader. Interest in how Marcellus & Utica Shale could transform Southwestern Pennsylvania into a chemical and manufacturing powerhouse was accelerated during the Energy Inc. Conference and Tradeshow, presented by Range Resources at the David L. Lawrence Convention Center in Pittsburgh, on Tuesday August 14th.

Speakers from the federal, state and local government, along with representatives from upstream, downstream and the energy supply chain, including Dr. Paul Ayoub, project manager for Shell’s new business development, and Charles McConnell, assistant secretary for fossil energy at the U.S. Department of Energy, spoke on the potential ethane cracker site in Beaver County, selected earlier this year as the preferred site being studied by Royal Dutch Shell. The cracker would operate using ethane produced from Shale gas drilling and produce more than a million tons of ethylene a year. This “game changing” discovery of natural gas in the Marcellus & Utica Shale is being seen as a catalyst for the rest of the chemical industry.

Among the reasons the potential petrochemical complex is being considered for development on the 300-acre brownfield site in Beaver County are road and rail transportation infrastructure, five electric plants that operate in the area and access to water resources, over and above the fact wet gas can be found underneath the area.

Patrick Sentner SIOR and David Thor LEED AP of Colliers International | Pittsburgh attended the Energy Inc. Conference and Tradeshow. “Our firm has been very active in the local and national energy sector,: said Patrick Sentner SIOR, Founding Principal at Colliers International | Pittsburgh, “and our enthusiasm in this business sector in the tri-state area was reinforced by what we learned at the conference.”

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