Real Estate Journal — Pennsylvania — December 12 - 18, 2014 — 11A
M id A tlantic
Tech Dr. Partners, LLC buys 4-story office building RIDC sells 68,000 s/f 2000 Technology Drive in Pitts. P
IndustRIAL I OffICE I REtAIL I InvEstmEnt I muLtI fAmILY
ITTSBURGH, PA — RIDC announced the sale of its Pittsburgh Technology Center building at 2000 Technology Dr. to Tech Dr. Partners, LLC. RIDC built the 4-story 68,000 s/f office building in 1997. The building is 100% occupied with multiple tenants including the Pitts- burgh Technology Council. The building sits on 3.86 acres and contains 200 parking spaces. 2000 Technology Dr. was an early catalyst for the Pitts- burgh Technology Center re- development, which was one of the first brownfield redevelop- ment projects in the State. A true partnership, the Pitts- burgh Technology Center was a collaborative project between the Urban Redevelopment Au- thority of Pittsburgh, RIDC, the City of Pittsburgh, Carnegie Mellon University, the Univer- sity of Pittsburgh and the Com- monwealth of Pennsylvania. “This redevelopment project led to the Pennsylvania Land Re- cycling Act, a nationwide model for brownfield redevelopment” said Tim White, VP Develop- ment, RIDC. Site remediation and infra- structure started in the late 1980s, with three buildings constructed in the early 1990s by University of Pittsburgh, Carnegie Mellon University and RIDC. In 1997, RIDC built 2000 Technology Dr.. “Univer- sity-community partnerships to support the growth of corporate and university collaborations were a key driver in the rede- velopment of the PTC and the revitalization of the Pittsburgh regional economy” indicated Dr. Don Smith , president, RIDC. “With this building, The Oakland Alliance – a consor- tium of the Pittsburgh Technol- ogy Council, The Enterprise Corporation of Pittsburgh, The Ben Franklin Technol- ogy Partners (with Enterprise Corporation now known as In- novation Works), and the SW PA Industrial Resource Center (now Catalyst Connection) – came together with RIDC to advance this key brownfield redevelopment project.” The successes of today’s Pittsburgh were built on part- nerships like the one that came together to redevelop the Pittsburgh Technology Center, not only redeveloping a brownfield but connecting to the new economy and boosting the confidence of the people of Pittsburgh. n
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2000 Technology Drive
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