Continental Real Estate Inks 150,000-SF Build-to-Suit Lease Deal

PITTSBURGH, PA-Continental Real Estate Companies locked down the first office tenant for its planned 1.2-million-sf, $200-million North Shore development on what remains of the former Three Rivers Stadium.

The property is already home to the city’s Major League Baseball and National Football League stadiums, respectively PNC Park and Heinz Field. Columbus, OH-based Continental, which owns the remaining land, says the next project will be a six-story 150,000-sf office building that will sit on the Allegheny River between the two stadiums. The building has been pre-leased to Pittsburgh-based Equitable Resources, which will consolidate 450 employees in the building.

Equitable says it will consolidate seven Pittsburgh locations into the new building, including office and technical staff of three business units and its headquarters. The seven locations total about the same amount of space, but the planned open office format should allow for some future growth as well.