2C — December 8 - 21, 2017 — Pennsylvania — M id A tlantic
Real Estate Journal
Project of the Month
t The Hend e r s on Group, we’ve spent 90 years building a By Mark W. Eisenhardt, The Henderson Group Growing your business to meet your clients’ needs A
Promote Your Company
r epu t a t i on for ground-up commercial real estate development in the Great- er Philadel- ph i a a r ea . It’s a formula that’s worked
6C — May13 -26, 2016—Projects/BuildingServices— M id A tlAntic
P rojects /B uilding s ervices
Due to high occupancy, Massaro has developed another 22,000 s/f building at CRBC Massaro Properties, LLC announces new and returning tenants at Campbells Run Business Center agent in the transaction.
P ITTSBURGH, PA — MassaroProperties, LLC announced the completion of one new lease and two returning tenants at Campbells Run Business Center (CRBC) in Robinson Township. 180Medical Supply, one of America’s fastest growing, nationally accredited provid- ers of sterile-use catheters, ostomy and disposablemedi- cal supplies, is now leasing 2,534 s/f of office/flex space inCRBCBuilding 500.Mas- saroPropertiessalesassociate Lisa Tiche acted as a dual
for thebusinessandfind that space inashortperiodoftime. Theassistance thatwasgiven afterwemoved in to theoffice was even better. The staff responded tomy callsand re- questswithin the sameday... Iwould recommendMassaro Properties to any company who is looking for someone to get the job done right the first time.” In the first lease renewal, TRANE, one of the world’s leaders inairconditioningsys- tems, services and solutions, extended its leaseatCRBC for a five-year period. The com- pany will continue to occupy the entire 19,379 s/f prem- ises ofBuilding 400,which it has called home since 1988. TicheandMassaroProperties president David Massaro represented the landlord in thetransaction,whileTRANE was represented in-house by its real estatedepartment. Tiche also presided over a three-year renewal transac- tion with ChemDAQ Inc., a designer, manufacturer and seller of fixed gas detec- tion systems.Since 2011, the company has been a tenant ofCRBCBuilding300,where it occupies 6,000 s/f of office/ flex space. ChemDAQ Inc.CFOKevin Vaughn found the negotia- tion process to be a pain- less and efficient one, stating that “[Lisa and David] were both very accommodating, professional and gracious throughout the process.Most importantly,theyrepresented Massaro Properties with in- tegrity.Icouldnothaveasked formore.” In response to this recent activity, Massaro said, “It’s always an exciting opportu- nity towelcome a new lessee like 180MedicalSupply, and we look forward to building a lasting relationship with themaswehavewithTRANE, ChemDAQandallofourother long-term tenants.” “CRBC has always main- tainedahigh occupancy level due to itsconvenient location, and the building amenities and customer service our tenants have come to expect and appreciate,” Massaro continued. “Due to itssuccess, we have developed another 22,000s/fbuilding in thecom- plex. The building shell is completeandwehavealready begun discussions with sev- eralpotential tenants.” n
180 Medical Supply had been operating its regional branch intheNorthHillsarea for five years before national licensing& facilitiesmanager Bill Ronne began the search for a new space with higher visibility.Ronne foundexactly what he was looking for at CRBC. “Working with Lisa and Massaro Properties to relocate ourPittsburgh office turns out to be the best expe- rience I’ve had in over eight years,”Ronnesaid. “Lisa took thetimeto listentothespecial requirements that I needed
17 Campus Blvd.
demand for office space be- cause—especially in Greater Philadelphia—there is not an endless supply of developable land. To enable us to further ex- pand our footprint and offer a greater inventory selection to current and prospective clients, we decided to keep our storied 90-year path of new construction but also veer in a new direction: strategic acquisitions of office and flex properties in desirable loca- tions. We recently had our first foray into the acquisitions realm. On November 22, Hen- derson officially acquired five buildings of professional space totaling 250,000 s/f in New- town Square, PA from Bran- dywine REIT for $42 million. All but one of the buildings are currently occupied.
This milestone positions us for viable future expansion into nearby sub-markets and puts us on our way to meet- ing our goal of expanding our portfolio to eight to 10 million s/f over the next 10 years. Was taking the leap into a new business venture scary? Of course. Was it worth it? Most definitely. Our clients’ needs are constantly changing and to truly be the premier workplace provider, we have a responsibility to grow and evolve with them to ensure we can meet their needs. At Henderson, we couldn’t be happier that we made good on our commitment and are moving full steam ahead for our next 90 years. Mark W. Eisenhardt is Senior vice president & director of marketing at The Henderson Group. n
NEWBUILD-TO-SUIT OPPORTUNITY L IGHT INDUSTRIAL
well for us. We own and oper- ate a portfolio of more than three million s/f of property occupied by more than 250 tenants, in addition to 200 acres of developable land. We love being able to customize offices for our clients so they can work as efficiently and productively as possible. It would have been easy for us to go with the flow and keep our focus solely on new con- struction. But like any good business, we have goals and ours is to be the premier work- place provider in the region. We determined our company needed a strategic growth plan to identify tangible steps to achieve that goal. It didn’t take long to realize that by simply continuing down the same path, we would not be able to meet the growing
ROUTE 28 NORTH 100ACREBUSINESSPARKUNDERDEVELOPMENT. LOCATED JUSTOFFEXIT16OFROUTE28.
PROPERTYHIGHLIGHTS New flexand industrialdevelopmentcoming soon. Phase I : ZONING: M1 LightManufacturingand S1 Special
FOR FURTHER INFORMATIONCONTACT MARTHA L.GRAHAM MASSARO PROPERTIES, LLC 120DeltaDrive .PittsburghPA 15238 email@example.com 412.963.2800
56,100 SF Single StoryBuilding 63,200 SF Single StoryBuilding 33,600 SF Single StoryBuilding
Excellent visibility fromRoute28 Nobusinessprivilegeandnomercantile taxes 16Miles toRIDCO’Hara Township 24Miles toPittsburgh
Do you have a Project you would like to Highlight?
4C — March 11 -24, 2016—Pennsylvania— M id A tlAntic W inner C ontraCtor : rBV et C o , LLC n eW C onstruCtion u nder $10 M iLLion DepartmentofVeteranAffairs—Pittsburgh
P roject of the M onth
Attracts more than 1000 professionals MBA presents 2015 Building Excellence Awards winners
ITTSBURGH, PA — TheMasterBuilders’ Association (MBA) announced the winners for the2015MBABuildingExcel- lenceAwardscompetitionheld at the Construction Indus- try Evening of Excellence on Thursday,February25,2016, at theHeinzFieldEastClub. P
Presented by theMBA, the Evening of Excellence at- tractedmore thana thousand professionals who contribute to the quality of construction in Western Pennsylvania. Highlighting this popular event was the presentation of the Building Excellence Awards, the commercial con-
struction industry’s highest andmostsought-afterawards. If your publicationwould like photographs of the winning buildings or additional infor- mation on the projects and interviewees for an article, please letmeknow. Thewinning teamshonored were:
CATEGORY:NewConstructionOver $25Million Project: IndustrialScientificCorporateCampus Contractor: MascaroConstructionCompany,L.P. Architect: IDCArchitects Owner: IndustrialScientificCorporation CATEGORY:NewConstructionBetween$10-$25Million Project: SetonHillUniversityDance&VisualArtsCenter Contractor: PJDick Incorporated Architect: DesignLABArchitects Owner: SetonHillUniversity CATEGORY:NewConstructionUnder $10Million Project: Department ofVeteranAffairsModernization of ICUBeds Contractor: RBVetCo,LLC Architect: ArrayArchitects andHFLenzCompany Owner: Department ofVeteransAffairs PittsburghHealthcareSystem CATEGORY:RenovationConstructionOver $10Million Project: HeinzFieldAddition Contractor: MascaroConstructionCompany,L.P. Architect: Populous Owner: PSSIStadiumCorporationLLC CATEGORY:RenovationConstructionUnder$10Million Project: ClarionUniversityBechtHall Contractor: UhlConstructionCompany Architect: Perfido,Weiskopf,Wagstaff+GoettelArchitects Owner: ClarionUniversity CATEGORY:Excellence InCraftsmanship –ExteriorConstruction Project: WestGreeneSchoolDistrictRetainingWallReconstruction Contractor: BurchickConstructionCompany, Inc. Architect: MichaelBaker International Owner: WestGreeneSchoolDistrict CATEGORY:Excellence InCraftsmanship – InteriorConstruction Project: MonongaliaJusticeCenter
QUALITY ͻ COMMITMENT ͻ PERFORMANCE
Contractor: MassaroCorporation Architect: SillingAssociates, Inc. Owner: MonongaliaCountyCommission
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