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  2. Burns Scalo Buys Back Premier Southpointe Office Building

Burns Scalo Buys Back Premier Southpointe Office Building

PITTSBURGH, PA – Burns Scalo Real Estate announced that it has reacquired, Stealth Technology Center in Southpointe – a 116,000 SF, Class A office building that the firm originally built in 1999 and sold in 2004.

Stealth Technology Center is home to the 15,000 SF Southpointe Health Club, which offers classes, personal training, childcare, locker rooms, and a café. Rounding out the on-site amenities, tenants can enjoy the tenant lounge, complete with putting greens, corn hole, foosball, ping pong, outdoor balconies, meeting areas and vending.

“As is the case in most buildings that we buy, we will perform some significant upgrades to the building, including common areas and exterior gathering places. This purchase is consistent with our value-add approach towards today’s highly-amenitized office demand,” said Jim Scalo, CEO, of Burns Scalo Real Estate.

During its due diligence process, Burns Scalo signed a new lease with Hope Learning Center for 15,000 SF increasing the building’s occupancy to 60% leased. Current availabilities include 4,000-26,000 SF suites with furniture available, 10’-16’ ceiling heights, and loading dock and drive-in access.

“When companies are looking for ways to get their employees back to the office, Stealth continues to be a premier office building with a ton of tenant amenities for recruiting and retaining those employees”

Kelley Hoover Heckathorne, BSRE Senior Brokerage Advisor

Kelley Hoover Heckathorne, a Senior Brokerage Advisor at Burns Scalo Real Estate, added, “When companies are looking for ways to get their employees back to the office, Stealth continues to be a premier office building with a ton of tenant amenities for recruiting and retaining those employees.”

The acquisition of Stealth Technology Center comes on the heels of BSRE’s groundbreaking of its new office campus at Diamond Ridge, part of the largest and most exciting mixed-use projects in Western Pennsylvania. The office campus is the cornerstone component of adjacent residential and retail developments plus major infrastructure improvements totaling nearly $250 million.

About Burns Scalo Real Estate

Burns Scalo Real Estate is the local leader in identifying and creating dynamic development opportunities. We believe that better places create better lives —and in doing so—we transform spaces, businesses, and the communities we serve. The organization’s development, brokerage, and management services unify to create spaces that people want to come to, not just have to.