PITTSBURGH, PA —Holliday Fenoglio Fowler says it has closed the sale of Park Place Corporate Center I and II, two class A office buildings totaling 212,328 square feet in suburban Pittsburgh, PA.
HFF represented the seller, USAA Real Estate, and procured the buyer, an affiliate of Pearson Partners. The property was sold for an undisclosed amount.
Park Place I and II is located at 1000 and 2000 Commerce Drive along the Parkway West (Interstate 376), about 10 miles from Pittsburgh's central business district and five miles from the Pittsburgh International Airport. The LEED Gold certified properties were fully renovated in 2012 at which time two, 300-space parking garages were also constructed. Overall, Park Place Corporate Center is 95 percent leased to six tenants. Park Place II is home to Williams Field Services Group, which occupies the entire building, and Park Place I is a multi-tenant building.
The HFF investment sales team representing the seller was led by senior managing director Mark Popovich.
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Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
