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| Rendering of planned Ansys Corporate Campus in Southpointe Office Park metro Pittsburgh, PA |
PITTSBURGH, PA – HFF announced today that it has arranged a
$53.7 million construction loan for a to-be-built, two-building Class A office
campus totaling 336,000 square feet in Southpointe Office Park located
15-miles southwest of downtown
Pittsburgh, Pennsylvania.
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| Mark Popovich |
HFF
worked exclusively on behalf of the borrower, Quattro Investment Group, to
secure the three-year construction loan through Wesbanco Bank with First
Commonwealth Bank and First National Bank as participants.
Due
for completion in October 2014, the project will consist of an
186,000-square-foot, LEED certified, five-story building that is a
build-to-suit for the world headquarters of Ansys (NASDAQ: ANSS) plus a
150,000-square-foot speculative office building.
The properties are situated on a 21 acre site within
Southpointe Office/Industrial Park, an 830-acre mixed-use development about 15
miles southwest of the Pittsburgh central business district and 12 miles
southeast of the Pittsburgh International Airport in Southpointe.
The
HFF team representing Quattro Investment Group was led by senior managing
director Mark Popovich and managing director Matt Kafka.
The managing partner of Quattro is Jim Scalo,
president of Burns & Scalo Real Estate Services.
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| James Scalo |
Mr. Scalo states that, “this is an incredible development in
a very tight office market. Based on
the activity in the market, we anticipate that the speculative office building
will be leased before construction is completed.”
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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