Regus paid an undisclosed nominal sum to lease the businesscenter. Under the agreement, Regus will manage the center, makecapital improvements and procure tenants for the space. Thebusiness center houses 33 offices and three conference rooms. Italso features an on-site receptionist to answer phones, greetvisitors and provide administrative support; a business café withwireless internet; and a furnished reception area.

Barry Layton, who manages Penn Center East on behalf of LGRealty Advisors, tells GlobeSt.com that there has long been abusiness center in building one, but tenants for the space hadfallen off in recent years. "Having the amount of space we have inthe park and the number of buildings, sometime years ago the ownersdecided it was a good idea to have this space so we couldaccommodate tenants of all sizes," Layton explains. "It had kind ofgotten worn down and wasn't doing very well. When I came here, Iembarked on a mission to get Regus to look at the property andconsider coming out here. It took about a year, but we were able tofinalize the transaction."

This is the third Regus property in the Pittsburgh area. Thecompany also operates space downtown on the 43rd floor of the OneOxford Plaza building at 301 Grant St. and space west of the cityon the third floor of Foster Plaza Building five at 651 Holiday Dr.Layton points out that Regus taking the new space to the east ofthe city helps round out their presence in the Pittsburgh area.