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PNC Realty Investors serves as investment advisor to AFL-CIO Building Investment Trust CBRE arranges 300,000 s/f single-tenant industrial building sale in Philadelphia P www.marejournal.com M id A tlAntic Real Estate Journal — Pennsylvania — Section C hILAdELPhIA, PA — CBRE has success- fully arranged for the

home to NARA’s Federal Re- cords Center and The National Archives at Philadelphia. The lease is fully guaranteed by the United States Government (S&P, AA+; Moody’s, Aaa). This 300,000 s/f build-to-suit warehouse facility sits on a 30.3-acre site with the ability to accommodate future expan- sion. Michael hines, Brian Fiumara, Brad Ruppel and Lauren dawicki of CBRE Capital Markets’ Institu- tional Properties team and CBRE National Partners , represented the seller during the transaction. Executive vice president Jeffrey Shell , part of CBRE’s Corporate Capital Markets , assisted with the sale. n

hiͳlightS August 11 - 24, 2017 The property is leased to the National Archives and Records Admini s t rat i on (“NARA”) through 2032, with a termination option begin- ning in 2027. The property is sale of a 300,000 s/f single-ten- ant industrial building located in Philadelphia. The property was purchased by Gladstone Commercial Corporation from PNC Realty Investors, Inc. , as investment advisor to the AFL-CIO Building Invest- ment Trust.

300,000 s/f single-tenant industrial building located in Philadelphia

Burns Scalo Real Estate plans to build 150,000 sf class A high-rise office building

French and Brady of Avison Young broker 72,381 s/f lease

PITTSBuRGh, PA — Burns Scalo Real Estate is planning to develop one

150 , 000 s / f class A high- r i s e o f f i c e building in- s i d e P T C . The URA con- trolled river l ot , l ocated a c r o s s t h e wa t e r f r om


Yangello of Capital Commercial Real Estate group completes sale of ϭϱ,ϬϬϬ s/f oĸce ďuildinŐ

Jim Scalo

SouthSide Works and adja- cent to Oakland, received this attention-grabbing news from the company as of late. The riverfront land choice was an interesting twist com- ing from Burns Scalo, who’s area of expertise has been primarily suburban class-A campuses. However, with the continued growth occurring in the fringe markets and new the universities this sparked Burns Scalo’s interest in this pre- miere location. “The smartest corporations we work with use commercial real estate as a capitalist tool for recruitment and retention of talent,” said Jim Scalo , president of Burns Scalo Real Estate. Burns Scalo understands


The Riviera on Riverfront Property rendering

the adjacent vacant lots that leave further opportunity for development inside PTC. The competitive advantages of our company are that we are local to 3ittsburgh, finance our own properties and have a verti- cally integrated organization that operates swiftly and ef- ficientl\.µ n

what large corporations need in order to attract the talent they want lifestyle centric amenities and accessibility to millennials. This is why their development plans for first floor include retail, fitness, complimentary bike share opportunities, allowances for shuttles and Uber for Business

credits for tenants. The company is in search of an anchor tenant who has plans for expansion in the near future. Scalo adds, “We are very well-capitalized and prepared to finance this building wheth- er it be spec or sole user occu- pied. We also have our eyes on



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