10C — February 8 - 21, 2019 — Pennsylvania — M id A tlantic

Real Estate Journal


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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