10C — May 12 - 25, 2017 — Pennsylvania — M id A tlantic
Real Estate Journal
www.marejournal.com
P ennsylvania
Announces the acquisition of Peoples Center The Buccini/Pollin Group expands into Pittsburgh, PA
P
ittsburgh, PA — Wilmington and Wash- i ng t on D. C . - ba s ed
d e v e l o p e r The Bu c - cini/Pollin Group, Inc. (BPG) an- nounced the acquisition of i ts f i rst building in Pittsburgh,
Chris Buccini
Peoples Center. The acquisi- tion is a major milestone for BPG as it not only marks the expansion of its portfolio into
Pittsburgh, but the building is well-known to residents and tourists alike. The proper ty inc ludes 272,019 s/f of office space and 31,025 s/f of retail. The strik- ing building features brick walkways, fountains, a cov- ered courtyard and boardwalk access. Sitting on the North Shore of the Allegheny River, Peoples Center (shown above) is within walking distance of Heinz Field (Steelers) and PNC Park (Pirates), which together boast more than 3.6 million annual visitors. Built in 2005 as the head- quarters for Del Monte Foods, the current anchor tenant is Peoples Natural Gas. The property enjoys a prime riverfront location and is situ- ated just off the Parkways (I- 279/I376), linking the North Shore with downtown, the airport and the remainder of the interstate system as well as major highways. It also of- fers immediate access to the local transit line. Chris Buccini , co-president of The Buccini/Pollin Group is excited about what the pur- chase represents for BPG’s overall portfolio, “As one of the largest office landlords in the Philadelphia MSA with over 5 million s/f of space under ownership and management, BPG is well-positioned to grow into a nearby market. We are proud to start this growth with a superbly located, class A urban office building featuring an excellent tenant roster.” The Buccini/Pollin Group, Inc. (BPG) is a privately-held, integrated real estate acquisi- tion, development and man- agement company with offices in Washington DC, Wilming- ton Delaware, Philadelphia, and Baltimore. n
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Corey Lonberger, Managing Partner corey@rittenhouserealty.com
KenWellar, Managing Partner ken@rittenhouserealty.com
Mark Duszak, Director mark@rittenhouserealty.com
Chris Egan, Associate chris@rittenhouserealty.com
For information visit www.RittenhouseRealty.com or call (215) 454-2852
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