'); Colliers International | Pittsburgh Industrial Team

Pittsburgh Industrial Team

Delivering innovative and practical real estate advisory services to industrial clients


Colliers | Pittsburgh Industrial Team assists landlords, developers, occupiers and buyers through the navigation of complex sales and/or lease transactions of warehouse, heavy manufacturing, light assembly and flex space.  Our hands-on approach combines local knowledge with the shared expertise and resources of a global platform.

Our team

Advantages of the Pittsburgh region

  • Three Rivers
  • One of the largest inland ports in the U.S.
  • 18 commercial railroad systems
  • Interstate highway access
  • Access to over 50% U.S. buying power within 500 miles
  • 500+ flights weekly at Pittsburgh International Airport, including seasonal transatlantic nonstop service
  • Eastern time zone
  • Low risk of natural disaster

400 Hunt Valley Dive
Negotiated the 200,000 square foot lease extension by Leeds World on behalf of the landlord

32nd Street
Negotiated a long term lease commitment for 52,000 Square Feet by UBER on behalf of the landlord

Consol Energy
Sold 200 acres of Ohio riverfront acreage on behalf of Consol Energy Inc

 

 

 

 

 

 

 

Colliers Pittsburgh identifies relocation alternative for LabChem

“Working with the professional real estate/relocation experts at Colliers International was an extremely positive experience. John Bilyak and Ray Orowetz worked patiently and diligently for over eighteen months to find LabChem Inc. the most ideal new manufacturing location.  I highly recommend them to anyone in the Pittsburgh area looking  to upgrade to new facilities.”  - LeRoy House President, LabChem Inc.

CHALLENGE
LabChem, a manufacturer of aqueous chemical solutions and reagents used primarily in laboratories and production processes, was started in 1986. The company initially occupied only a few thousand square feet of space but had deeply embedded themselves at their initial location by growing incrementally to 35,000 SF. The hazardous nature of the business presented challenges with which some landlords did not want to contend. The client preferred to stay within its current submarket which offered very few existing facilities that met LabChem’s requirements. The owners of this very successful enterprise were continually entertaining offers to sell the business.


STRATEGY
First, Colliers had to gain a good understanding of LabChems’s operations and space requirements in order to assess the viability of existing facilities. As the shortage of suitable existing facilities became apparent, the idea of expanding geographic parameters and new construction were considered along with the impact on costs. Colliers demonstrated the value of new construction versus existing structures relative to accommodating LabChem’s hazardous material needs.


SERVICES
Colliers provided an efficient and thorough clearinghouse to entertain and assess all properties being actively marketed as well as “off market” facilities. Then introduced environmental and engineering consultants to advise LabChem specifically as it applied to their need for a blast resistant chemical storage room and worked to integrate those advisors with potential landlords and lease opportunities. Colliers educated the client on the nuances and pitfalls presented in each relocation proposal, and helped guide the negotiations to obtain an acceptable lease structure for the chosen facility.


RESULTS
Colliers identified a relocation alternative outside of LabChem’s initial geographic search parameters that suited their space requirement needs perfectly. The selected location is within a newly constructed building (the first in a new 300,000 SF business park under development) with the exact desired configuration and needed parking. The facility is located within 5 minutes of an interchange with Interstate 79 in Evans City, PA, a rapidly growing area with good amenities and demographics reflecting an appreciating market. LabChem is now positioned to achieve growth from pent up demand for their products that could not be met at their prior location.  Their projections call for revenue to double in the next three (3) to five (5) years.



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