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| Park Place Corporate Center I and II, 1000 and 2000 Commerce Drive, Pittsburgh, PA |
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| Mark Popovich |
PITTSBURGH, PA – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Park Place Corporate Center I and II,
two Class A office buildings totaling 212,328 square feet in suburban
Pittsburgh, Pennsylvania.
HFF represented the
seller, USAA Real Estate, in the transaction and procured the buyer, an
affiliate of Pearson Partners. The
property was sold for an undisclosed amount.
Park Place I and II is
located at 1000 and 2000 Commerce Drive
along the Parkway West (Interstate 376), about 10 miles from Pittsburgh’s
central business district and five miles from the Pittsburgh International
Airport.
The LEED Gold certified properties were fully
renovated in 2012 at which time two, 300-space parking garages were also
constructed.
Overall, Park Place
Corporate Center is 95 percent leased to six tenants. Park Place II is home to Williams Field
Services Group, LLC, who occupies the entire building, and Park Place I is a
multi-tenant building.
The HFF investment sales
team representing the seller was led by senior managing director Mark Popovich.
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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