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Burns & Scalo Real Estate Services Investing in Airport Corridor Region

BURNS & SCALO REAL ESTATE SERVICES INVESTING IN AIRPORT CORRIDOR REGION

January 9, 2009 (Findlay Township, PA) Burns & Scalo Real Estate Services is investing in the airport corridor region through development of a new office or office/flex building. The current site located at Industry Drive and McClaren Road near State Route 60 offers great visibility with direct highway access.

Building plans include an approximately 50,000 SF LEED Certified Green building. The proposed structure can be either one-story or three-story depending on the need of the prospective customer. The property is owned by Allegheny County and leased to the Allegheny County Airport Authority. The Airport Authority board met Friday and approved the eight-acre lease agreement with Burns & Scalo.

“Pittsburgh International Airport's role as an economic generator is now 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, Through our focus on creating shovel-ready land, the airport corridor has flourished and continues to grow. We especially want to recognize Allegheny County and Pennsylvania’s Dept. of Community and Economic Development for their support of these development initiatives,” said Glenn R. Mahone, Chairman, Allegheny County Airport Authority.

"Burns & Scalo appreciates the measures taken for site preparation. Due to this excellent location, we strongly feel development will revitalize the land into a viable economic use," said James Scalo, President, Burns & Scalo Real Estate Services.

Burns & Scalo plans to launch the marketing campaign early first quarter 2009 with construction commencing shortly after. Early interest in the site has been for medical office, conventional office and research and development users.

Jan 08, 2009

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