22A — March 2025 — Pennsylvania — M id A tlantic Real Estate Journal
www.marej.com
P ennsylvania A region of choice for top companies and developers NEPA ranks top 10 in US for Economic Development
Century Realty inks 7,500 s/f lease in Greensburg, PA
P
ITTSTON, PA — For the fifth consecutive year, Northeastern
Pennsylva- nia has been recognized as one of the top locations in the United States for economic de- velopment projects.
218 Frye Farm Rd.
and historic 308 Seventh Ave. Breathing new life and invest- ment into these real estate gems is an important part of the continued transformation and evolution of Downtown. Developments like this play a crucial role the transformation of the Golden Triangle it is both economically resilient and vi- brant - a key component of our vision for this community,” said Jeremy Waldrup , president & CEO of the Pittsburgh Down - town Partnership . The 4-story/18,000 s/f build- ing located next to a public park- ing garage and a few minutes’ walk to the historic Duquesne Club, will be 100% vacant and available for lease with naming rights and signage for an anchor tenant. The property can be available for a single-tenant or multiple tenants. “We were honored to repre- sent Baird in this transaction and are thrilled to continue to work with the new owners to lease and active the build- ing,” said Jarosz. Charlie Krushansky of Century Re- alty was also part of the sales team for Century Realty. 308 Seventh Avenue has been well maintained and thoughtfully updated over the years with the most re- cent renovations completed in 2021. Directly across the street is the new Ivy Resi- dences at Triangle offering 15 exclusive residences with plans for high-end retail on the ground floor. Century Realty announced that 9Yards Golf Lounge is ex- panding to its second location in the North Hills of Pittsburgh at The Block Northway, bringing a premier golf simulator experi- ence to one of Pittsburgh’s finest retail shopping centers. 9Yards will be located on the 2nd floor and next to Dave & Busters and will bring a unique blend of immersive golf simulation with cocktails, food and outdoor patio space. 9Yards will also offer pri- vate rooms for hosting corporate or private events. Located at 6246 Northway Drive, FL 2, the new venue will feature state-of-the-art golf simulators. MAREJ
GREENSBURG, PA — Century Realty announced the lease of a 7,500 s/f anchor medical tenant for the to-be- constructed 20,000 s/f, two- story office building located at 218 Frye Farm Rd., Greens- burg, PA. The first-floor an - chor tenant is a lifestyle medi- cine practice by the name of The Laurel Highlands Center for Body Composition and Lifestyle Medicine (“LHC”). This development under- scores a significant investment in the community, particularly noteworthy, during a period when new construction proj- ects have been less frequent. Jessica Jarosz (Demi) represented the owners/de- velopers (King and Coby Hartman) in the marketing and successful lease execution of LHC. This project is slated for groundbreaking in August 2025 with a target date for occupancy of Spring 2026. Jessica said, “It has been very rewarding to be a part of the Hartmans team on mul- tiple real estate transactions in this community and witness- ing their continued investment into the community’s future.” “This project reflects our confidence and commitment to enhancing the quality of life for residents by providing essen- tial services and modern office spaces.” said Coby Hartman. Century Realty is pleased to announce the successful sale of 308 Seventh Ave., Pittsburgh, PA. Representing the sellers in this transaction, Century Realty facilitated a smooth sale to TGY Part- ners , a Pittsburgh-based real estate firm, who plan to enhance the building’s posi- tion in the market. “We are excited to expand our pres- ence in Downtown with the acquisition of our second office building. We look forward to working Jessica and her team to honor the legacy of the He- fren-Tillotson Building while bringing new energy and vi- sion to this historic space.” said Yang Zhang , one of the partners of the firm. “This is exciting news for TGY Partners and the beautiful
John Augustine III
The prestigious Governor’s Cup Awards, produced annu- ally by Site Selection Maga- zine , ranks the top regions in the United States based on completed economic develop- ment projects. The ranking highlights the region’s contin- ued success in attracting and expanding businesses. Penn’s Northeast , the re- gional economic development agency, played a key role in compiling and submitting a comprehensive list of qualify- ing projects that contributed to this recognition. This year, the region ranked in the Top 10 for both the number of projects and projects per capita. “This is a competitive pro- cess that takes place across the country every year,” said John L. Augustine III , presi- dent/CEO of Penn’s Northeast. “Northeastern PA continues to be a region of choice for top companies and develop- ers. There’s no question our location continues to be one of the strongest selling points. You can reach one-third of the United States and half of Can- ada in a one-days drive from Northeastern Pennsylvania. Companies continue to rec- ognize this advantage as they need to get their products to market and consumers as quickly as possible.” “In addition to our strategic location, reliable utilities, and dedicated workforce, our
amazing education network makes Northeastern Pennsyl- vania a top-tier destination for business growth. The results show that companies looking to expand continue to choose our region as a prime loca- tion,” Augustine added. “We continue to experience un- precedented growth, not just in warehouse distribution, but also in manufacturing.” Augustine further empha- sized the region’s future pros - pects: “With ongoing infra- structure investments, and a strong collaboration between the public and private sectors, Northeastern Pennsylvania is well-positioned to remain a leader in economic development
for years to come.” Site Selection Magazine, produced by Conway Data, is a bi-monthly publication rec- ognized as the leading source for corporate real estate, facility planning, location analysis, and foreign direct investment. The Governor’s Cup Awards are highly re- garded within the industry and serve as a benchmark for regional economic success. About Penn’s Northeast: Penn’s Northeast is a public- private partnership dedicated to attracting quality employers to Northeastern Pennsylvania and strengthening the regional economy through new invest- ments and job creation. MAREJ
Bennett Williams Commercial brokers 2,017 s/f of retail space
YORK, PA — Bennett Wil- liams Commercial has ar- ranged the sale/lease of the following transactions: 2,017 s/f of retail space at 448 E College Ave., State College, Centre County, PA. Center County QSR LLC leased space from Core State College Hetzel LLC. Cale Bruso, Adam Hagerman, Brad Rohrbaugh, and Chad Stine of Bennett Williams Commercial represented the tenant. Kandy Weader and
Luke Higgins of Bennett Williams Commercial rep- resented the landlord in the transaction. 2,020 s/f of office space at 2182 Sandy Dr., State Col- lege, Centre County, PA. A&I Solutions, Inc leased space from Sunny Rayne LP. Weader and Higgins represented the tenant and the landlord in the transaction. 7,132 s/f retail space at 629 Park City Center, Lancaster. Cauchos Way LLC leased
space from Park City Center LLC. Francesco Conigliaro , Rohrbaugh, and Stine rep- resented the tenant in the transaction. 7,200 s/f retail space at 6207 Lincoln Highway, Greensburg, Westmoreland County, PA. FIT AF Greensburg LLC leased space from ACL/THF Joint Ven- ture, LP. Abe Khan, Ashlee Lehman , Rohrbaugh, and Stine of Bennett Williams Com- mercial represented the tenant in the transaction. MAREJ
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