Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHILADELPHIA-Pittsburgh-based developer Chapman Properties has leased a 121,000-sf, build-to-suit distribution center to Houston-based Pennzoil-Quaker State Co. at Chapman’s Leetsdale Industrial Park. Terms were not disclosed, but brokers tell GlobeSt.com that rental rates on class-A warehouse facilities in this Pittsburgh-area market range between $4.50 per sf and $5.75 per sf net.

The new building will be the fourth facility built at Leetsdale in the past three years. The first, a 107,000-sf building, was completed in 2000 and is 100% leased to Global Industries, Chas. Levy Trucking and Qwest Communications.

A second, 107,000-sf building, completed the following year, is 100% leased to Wilmar Industries and Pennzoil. Pennzoil currently occupies 70,000 sf and will move to its new location in the park when that reaches completion in November.

The third new, 306,000-sf class-A warehouse space is 92% occupied. Occupancy in the renovated, crane-served, 1.2-million sf of manufacturing space is 80%.

Leetsdale is located on Route 65, about 15 minutes northwest of Pittsburgh. “We chose Leetsdale because it is central to our supply points and very accessible to the interstate highway system,” says Andy Dengel, Pennzoil’s operations manager, in a statement.

Total development cost for Leetsdale Industrial Park is $60 million, including infrastructure, roadways, rail lines, barge unloading facilities, construction of the new buildings and renovation of existing manufacturing buildings.

Meanwhile, Chapman plans construction of an additional 650,000 sf of industrial and office space for the park. Groundbreaking for the next building, a spec 120,000-sf facility, is scheduled for early 2003.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.