Groundbreaking Held for Third Building at Pittsburgh International Business Park Development
PITTSBURGH – Allegheny County Executive Rich Fitzgerald along with officials from the Allegheny County Airport Authority and Continental/Chaska LLC today held a groundbreaking ceremony for building 210, the third building of the Pittsburgh International Business Park (PIBP) on Cherrington Parkway in Moon Township.
“Through our focus on creating shovel-ready land, we have watched the airport corridor flourish,” said Fitzgerald. “We are jumpstarting development, stimulating job growth and attracting new business here. This project would not have been possible were it not for the development of the extension of Cherrington Parkway. This was truly a cooperative effort by the state, county, airport authority and local government.”
Pittsburgh International Business Park is a state of the art Flex Office project managed by Continental/Chaska LLC. Its successful development is a direct result of the completion of shovel-ready sites and the Cherrington Parkway extension to Ewing Road, Moon Township. Shovel-ready development attracts new construction of facilities that increases job growth. This work was completed by the Allegheny County Airport Authority with support from federal, state and local officials.
“Pittsburgh International Airport's role as an economic generator is two-fold – to provide high quality, competitive air service in and out of southwestern PA and to develop key properties to attract new industry and jobs,” stated David Minnotte, Allegheny County Airport Authority Board Chairman. “The Pittsburgh International Business Park is one of numerous development projects on airport property.”
Buildings 100 and 110 of Pittsburgh International Business Park are now open and occupied by ServiceLink. The project was completed on-time (nine-month development and construction) and ServiceLink’s move-in was completed in September 2013. The project is a joint venture of Continental Real Estate Companies and developer Dick Donley’s Chaska Property Advisors. ServiceLink is the national lender platform for Fidelity National Financial and provides a full suite of origination and default related products and services to leading national and regional mortgage originators and servicers. The pace of the project and leasing success led to prompt approval for a third building which will begin construction in early Fall 2013.
“The construction of Flex Office locations is a long-held specialty of Chaska Properties Advisors. With the combination of Continental Real Estate Companies, we now have the experience to help in the efficient delivery of these facilities while providing sound guidance on the most contemporary, flexible approaches to technology solutions and use of space,” said Richard Donley, Co-President, Continental/Chaska, LLC. “These are attractive, environmentally sound, and easy to manage facilities that provide positive returns for both the landlord and the tenant.”
Five to eight office buildings are set to be completed in the future at Pittsburgh International Business Park. The 40-acre site is owned by Allegheny County, leased to the Airport Authority and is being developed in conjunction with the Moon Transportation Authority (MTA). In September 2008, the Cherrington Extension was completed. The $14-million project extended the Cherrington Parkway to Ewing Road, opening 60 acres of land for the development of shovel-ready sites. The Cherrington Extension opened access to 60 acres of land and can offer future development to 360,000 square feet. Loans and grants from the Commonwealth covered $8.0 million of the project’s cost.