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Groundbreaking Held for Pittsburgh International Business Park Development

Groundbreaking Held for Pittsburgh International Business Park Development

PITTSBURGH – (November 2, 2012) Allegheny County Executive Rich Fitzgerald, Congressman Tim Murphy, State Representative Mark Mustio, State Representative and Airport Authority Board Member Matt Smith, along with the Allegheny County Airport Authority and Moon Township officials today held a groundbreaking ceremony for buildings 100 and 110 of the Pittsburgh International Business Park (PIT Business Park) on Cherrington Extension Parkway in Moon Township.

“Through our focus on creating shovel-ready land, we have watched the airport corridor flourish,” said Fitzgerald. “We are jumpstarting business 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 Airport’s strategic location is serving our economy well, creating well-paying construction jobs and the opportunity for exciting new business ventures,” said Congressman Murphy. “From the construction of a military commissary, the new Navy Reserve center located at the 911th Airlift Wing, and numerous business expansions, great developments are in store for the airport corridor. In addition to relieving traffic, these projects help our an economic revival by attracting new tenants and job opportunities to benefit our local communities.”

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 Redevelopment Authority of Allegheny County provided $2 million toward the project and MTA invested $2.5 million. 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’s “Business in Our Sites” program covered $6 million of the project’s cost.

“This is another example of how investing in infrastructure brings businesses to a community and provides traffic relief at the same time. Another important benefit is its proximity to interstates and Pittsburgh International Airport,” said Rep. Mustio.

“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 Rep. Smith. “The Pittsburgh International Business Park is one of numerous development projects on airport property.”

Moon Township officials and the developer also recognize the groundbreaking as a positive for the region.

“We see this project as a win for developers and a win for the community,” said Moon Township Board of Supervisors Chair Marvin Eicher. “The Cherrington Parkway Extension opened the area for development and provided access to the highway system and airport, and the PIT Business Park is already attracting tenants and bringing jobs.”

“Very few business parks in Western Pennsylvania are serviced by two full interchanges off of a primary interstate. The first two buildings will be single story brick and glass facilities and provide 53,000 square feet each of high end Class A office space with a convenient location,” said Richard Donley, President of Chaska Property Advisors.

Six office buildings are currently planned for the site. Construction on buildings 100 and 110 will begin immediately and should be completed within nine months. The buildings will be occupied by ServiceLink, a mortgage services company with offices in Moon and Hopewell.

 

Nov 01, 2012

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