4C — December 8 - 21, 2017 — Pennsylvania — M id A tlantic

Real Estate Journal


P ennsylvania Company occupies three floors of the S Building on 700 Braddock Ave. RIDC’S long-time tenant, Intervala, signs new lease in retrofitted space at Keystone Commons

ITTSBURGH, PA — The Regional Indus- trial Development Corporation of Southwest- ern Pennsylvania (RIDC) announced that Intervala has signed a five-year lease with a five-year extension at the Keystone Commons in Turtle Creek. Intervala now occupies three floors of the S Building on 700 Braddock Ave., amount- ing to 135,000 s/f of space in the former Westinghouse industrial facility. RIDC has retrofitted the space and made upgrades to the property, including windows, parking P

facilities and other improve- ments. “RIDC has done a great job supporting our company’s needs. They took an old build- ing from 1954 and created a comfortable, professional en- vironment that has helped us attract new customers, suppli- ers and employees,” said Scott Gustafson, COO of Intervala. “It’s a clean, welcoming space with lots of natural lighting. At Intervala, attention to details and quality are paramount, and RIDC has made sure that the space we occupy is a reflec- tion of those priorities.”

Intervala, a high-tech elec- tronics manufacturing com- pany, serves clients in the industrial, medical, and trans- portation fields. It and its predecessor companies have operated at Keystone Com- mons since 1996. “We redeveloped Keystone Commons with the goal of cre- ating a world-class, multiuse, urban industrial center that stimulates economic growth in the region,” said Donald Smith , president of RIDC. “Companies like Intervala are the drivers of our economic future. We are proud to pro- vide homes that support their growth.” n activity in Southpointe for large s/f users PITTSBURGH, PA — Burns Scalo Brokerage LLC announced that The Fountainhead, at the front of Southpointe business park in Canonsburg is 100% leased thanks to Crown Castles re- cent 50,000 s/f attainment. Crown Castle has leased 25,000 s/f on the top floor and subleased 25,000 s/f just one floor below, from EQT. The company has officially moved in and is pleased to call The Fountainhead home. Southpointe has been hit with a wave of activity from large square footage users over the past few months. As com- panies finally settle into the 2017 year of “uncertainties” many have decided to commit to their prior plans that may have come to a halt. South- pointe, a thriving community of office, retail, housing and entertainment has witnessed this movement and looks for- ward to more companies to follow in trend. Director of brokerage, Kel- ley Hoover Heckathorne was also able to place EQT in 30,000 s/f at 400 Woodcliff Dr. just down the road in Southpointe. This space was formerly Rice Energy’s office that is now coincidentally be- ing subleased to EQT. Overall, Heckathorne of Burns Scalo Brokerage ob- serves that “Southpointe is seeing a lot of activity for large users. This absorption of space is a positive for the real estate market.” n Burns Scalo Brokerage announces high

Keystone Commons ©Intervala

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