Donahue Real Estate Advisors Announce Renewed Leases
Donahue Announces More than 20,000 Square Feet in Office Leases
PITTSBURGH, September 9, 2020
Donahue Real Estate Advisors has announced it has negotiated recent office leases totaling more than 20,000 square feet.
Psychology Software Tools renewed its 14,011 square-foot lease at Sharpsburg Business Park, which is owned by Sampson Morris. Psychology Software Tools develops technologies that improve the efficacy of human behavioral research, assessment and education, and the company has created many products that have become its industry’s standards.
“Our lease renewal came after a lengthy search of the Route 28 corridor which Jack Donahue conducted for us in the middle of this very disruptive COVID-19 crisis,” said President and CEO Anthony Zuccolotto. “Without that intelligence and guidance our other options would have been limited, and it gave us the leverage we needed to finalize the best renewal terms for our company. In addition, our team is pleased with the modifications Sampson Morris will be providing to upgrade our existing space and the business park.”
Obermayer Rebmann Maxwell and Hippel LLP (http://www.obermayer.com/office-locations/pittsburgh-pa/), a Philadelphia-based law firm with 11 offices throughout the eastern U.S., will be relocating from BNY Mellon Center to 6,040 at 525 William Penn Place, which was represented by CBRE.
“We desired to remain in the central business district” said Managing Partner Bruce Fox, “and after considering a number of class A office buildings researched and submitted by Jack Donahue, we decided that 525 William Penn Place was the best fit for our firm. The building features a very attractive design with a newly renovated lobby, a well furnished and comfortable tenant lounge, a fully equipped and state of the art fitness center, and a soon-to-be-completed café and conference center. In addition, the building and our new office space will meet the requirements for our team to safely work together in the post-COVID-19 environment.”
“The Obermayer relocation underscores the continued desirability of a downtown address,” said Jack Donahue. “Although relocations are a factor in any central business district, we presently are seeing a net increase in office space searches in Pittsburgh’s CBD.”