The acquisition is Wilkow's sixth purchase in the Pittsburgh area. Previous purchases include the mixed use development The Waterfront in Homestead, Penn Center East, 20 Stanwix Street, 420 Boulevard of the Allies and the Federal Reserve Bank building.

“After tracking APEX 275 for two years, the pricing finally made sense,” says Wilkow vice president Martin Sweeney. “We have a great track record of redeveloping 100 percent vacant suburban office buildings around the country. To bring that expertise to a preferred market of ours [Pittsburgh] in a dynamic business park like Southpointe is very exciting to us.”

PITTSBURGH—Chicago-based M & J Wilkow has acquired APEX 275 Southpointe, a two-story office building at 275 Technology Drive in the Southpointe office park. In suburban Pittsburgh. APEX 275 Southpointe is the only fully vacant class-A building with more than 100,000 square feet—the largest block of space available. Future enterprise tenants will have the ability to completely control access, security, branding, HVAC, parking, and more.

APEX 275 was previously the corporate headquarters for Ansys. The building is aimed at large tenants seeking visibility from I-79 and the business park's other inhabitants. The building features two stories of office space connected by its main lobby and corridor, as well as extensive tenant parking. The new owner is planning a multimillion-dollar renovation, which will include an outdoor patio and amenity space, among other additions.

Jones Lang LaSalle vice president Jeffrey Adams will represent the new ownership for all leasing activity.

“Because this is the largest vacant space in this business park, we're anticipating significant interest from prospective tenants,” says Adams. “Aside from high class available space, APEX 275 also includes an adjacent 3.5-acre development site that could potentially accommodate larger tenants (up to 160,000 square feet) or tenants with an above standard parking requirement. Plus, prospective tenants will have the opportunity to expand the footprint of the building by 50,000 square feet to accommodate growth.”

The acquisition is Wilkow's sixth purchase in the Pittsburgh area. Previous purchases include the mixed use development The Waterfront in Homestead, Penn Center East, 20 Stanwix Street, 420 Boulevard of the Allies and the Federal Reserve Bank building.

“After tracking APEX 275 for two years, the pricing finally made sense,” says Wilkow vice president Martin Sweeney. “We have a great track record of redeveloping 100 percent vacant suburban office buildings around the country. To bring that expertise to a preferred market of ours [Pittsburgh] in a dynamic business park like Southpointe is very exciting to us.”