Pittsburgh Technology Council

Pittsburgh Technology Council Pittsburgh Technology Council
Property:
End to End Development of Pittsburgh Technology Center

Services:
Brokerage Services, Development Consulting, Financing, Asset Management, Corporate Services, Investment Properties and Tenant Representation

Highlight:
One of the signature representations of the true single-source partner capability of Pennsylvania Commercial Real Estate, Inc., the construction of the Pittsburgh Technology Center combined every capability we have and resulted in the SIOR award for the Most Creative Deal of the Year in 1995.

Pittsburgh Technology CouncilPittsburgh Technology CouncilPittsburgh Technology CouncilPittsburgh Technology Council

 


Project Summary

Pittsburgh High Technology Council
Ben Franklin Partnership
Southwestern Pennsylvania Industrial Resource Center (SPIRC)
The Enterprise Corporation of Pittsburgh A/K/A The Oakland Consortium

We were retained by these organizations to investigate the market and explore the possibility of locating both groups in one facility in order to create a “resource consortium”.

After several years of consulting on the assignment, we recommended, planned and implemented the construction of a new office building on Second Avenue. The Pittsburgh Technology Center. groundbreaking occurred in November, 1995. This was a very complex transaction involving public-private funding for leasing to “For-Profit” entities, condominium-izing approximately one-half of the four-story office building, selecting the architect, interviewing, programming and handling all legal and financial negotiations.

Pennsylvania Commercial received the Society of Industrial and Office Realtor’s (SIOR) award for the Most Creative Deal of the Year for 1995 for this transaction.

You may contact Timothy Parks, former President & CEO of the Pittsburgh Regional Alliance and currently Director of Technology of Morgan, Lewis & Bockius, LLP at (412) 560-3302 for a recommendation.