Elmhurst Group Lands Anchor for 110,000-SF Office Project

PITTSBURGH-The Elmhurst Group, a locally based commercial real estate developer, has landed an anchor tenant for its planned 110,000-sf office building here at Fifth Avenue and Craig Street, in the midst of the city’s health care, education and research communities.

The Rand Corp., a well-known nonprofit research organization that currently occupies 30,000 sf here at 201 N. Craig St., has signed on for 59,000 sf of the planned six-story building, which is slated to break ground in February and be shell complete by July 2005. Rand plans to occupy the space in January 2006. It will allow the 86-person organization to more than double in size before it again needs to secure a larger space.

The estimated $20-million building will have state-of-the-art amenities–including energy efficient tenant-independent climate-control systems, fiber-optic cabling with access to high-speed data connections, and dedicated on-site security protection.