P ennsylvania

S hopping C enters

Real Estate Journal — Pennsylvania — Section C


M id A tlantic

3250 South 76th St. sells for $14,343,239 Pennington of Binswanger negotiates acquisition of 247,447 s/f property located in Philadelphia P HILADELPHIA, PA — Binswanger an- nounced the acquisition

of an indus- tr ial prop- er ty tota l - ing 247,447 s/f on 12.40 acres locat- ed at 3250 South 76th St . , Phi la- delphia. The

Chris Pennington

HI-LIGHTS AUGUST 10 - 23, 2018 5-9C SPOTLIGHT CENTRAL PA Rock completes 526,454 s/f in sale and lease transactions property was sold by GMIP South 76th Street, L.P. for $14,343,239 to the Trustees of the University of Pennsyl-

3250 South 76th St.

international full-service real estate organization with of- fices worldwide. 

vania, as owner and operator of the University of Pennsyl- vania Health System.

The transactionwas handled by Chris Pennington , senior vice president in Binswanger’s

Philadelphia office. Headquartered in Phila- delphia, Binswanger is an

Grant Street Associates’ McCombs &McGill rep. Bombardier Transportation in 90,000 s/f lease

PITTSBURGH, PA — Cushman & Wakef ield Grant Street Associates,

Inc. (Grant Street Asso- ciates) an- nounced that Bombardier Transporta- tion has ex- ecuted a long- t e rm l ea s e t o r e l o ca t e several of its business di- visions from We s t Mi f f - lin to Pitts- burgh’s Strip D i s t r i c t . Randy Mc- Combs and Sam McGill

Randy McCombs


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One Waterfront Place

Technologies. Though Seagate has long-since vacated the building, McCombs remarked that Bombardier’s decision to move to the building is fitting, given that both com- panies chose the location for its vibrancy and access to the region’s top talent. “It is great to see a global leader in rail technology move into the original tech building of the Strip District,” McCombs

said. “Keeping Bombardier in Pittsburgh is a coup for the region’s growing technology sector.” Among the Bombardier divi- sions moving to One Water- front Place is the Rail Control Solutions (RCS) group. Ronald Birkelbach, Bombardier’s Head of RCS for the Americas Re- gion, said “The Pittsburgh area has a long and distinguished history in the rail industry,

and Bombardier has played an integral part. We look forward to our continued presence in this innovative environment and especially to growing our automated signaling business.” "Bombardier's move into Pittsburgh is a great addition to the city's booming transpor- tation and technology sectors, and is a perfect fit with the fabric of the Strip District," Mayor William Peduto said. 

Sam McGill

of Grant Street Associates represented Bombardier in the lease acquisition. Bombardier will occupy 90,000 s/f at One Waterfront Place, a 200,000 s/f, class A office building located in Pitts- burgh’s Greater Downtown submarket. One Waterfront Place was constructed 16 years ago for original tenant, Seagate


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