10C — February 8 - 21, 2019 — Pennsylvania — M id A tlantic
Real Estate Journal
www.marejournal.com
W estern P ennsylvania
ARSHALL TOWN- SHIP, PA — Lo- cal leaders joined Al. Neyer to preformdesign & construction oversite on three-story, 90,000 s/f class A structure Ground breaks on new spec office building at RIDC Innovation Ridge M
Innovation Ridge, owned by RIDC, is a 223-acre advanced technology and office park, designed with significant at- tention to the environment. Of the total acreage, almost 50% has been set aside for primary conservation areas, forested and landscaped buf- fer zones, and various open spaces. In addition, the de- sign includes a state-of-the- art grading plan that will preserve wetlands and slopes. RIDC has also constructed a recreational trail through the site. Bob Randall , president of Innovation Center Associates said: “This is a terrific site for a corporate headquarters or office center. I am confi- dent that it will attract first class companies that care to provide their team members with a quality place and space to work.” Donald Smith , president of RIDC, said: “Innovation Ridge has enormous poten- tial – located in one of the fastest growing areas of our region and an easy commute via I-79, the PA Turnpike and other major thoroughfares. It is exciting to see a forward- looking developer showing confidence in the future of our region and our economy – making a significant invest- ment in what we all believe will be new business activity, jobs and economic develop- ment.” Building leasing agent Tom MacDonald, senior managing director of Newmark Knight Frank said: “The crossroads location of northern Allegh- eny County / southern But- ler County is a very tight commercial market for large high-quality office options. Today’s office users are seek- ing efficiency with large floors and high parking capacity, combined with aesthetics of modern design elements a pleasant work environment. This building delivers on these key factors.” Innovation Center Associ- ates acquired its site from RIDC in August 2015. Al- ready located at Innovation Ridge is an existing office building containing over 200 jobs, primarily in tech and financial services, and resi- dential executive townhouses constructed by Ryan Homes. Additional parcels for office development are currently being marketed by RIDC.
Marshall Township. Surrounded by wooded lots, walking trails and interstate accessibility, the three-story, 90,000 s/f class A structure will be situated on a nine- acre site at the highest point on the property. Innovation Center Associates has select- ed the Al. Neyer company to perform design and construc- tion oversight. The LEED Silver designed project will feature 30,000 s/f floor plates and is scheduled to be completed and ready for tenant occupancy in the 4th quarter of 2019.
d e v e l o p e r Innovation Center As- s o c i a t e s and officials of Regional Industrial De v e l o p - ment Cor- p o r a t i o n
Donald Smith
(RIDC) to break ground on Innovation Pointe, an $18 million speculative office development at the RIDC Innovation Ridge campus in
Innovation Pointe rendering
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