Office Complex with Ground-Floor
For Lease
Contact for pricing
2 Robinson Plz, Pittsburgh, PA 15205
Three-building office complex with freestanding signage; Buildings 2 and 3 were renovated and leased, followed by full renovation of Building 1.
Space Size2,443 SF
Days on Market1219
Property Features for 2 Robinson Plz
General Information
Standard status
Active
Size
2,443 SF
Property subtype
OFFICE
Amenities
freestanding signage
renovated lobbies
Spaces For Lease
at 2 Robinson Plz
Two Robinson Plz
AVAILABLE, Now
Floor
4
Size
2,443 SF
Type
OFFICE
Rate
Contact for pricing
Sublease
No
- This three building complex was purchased in 2007 from a lender who had foreclosed on the property. Much of the space was previously occupied by bayer, before relocating its north american headquarters 2 miles away.
- Upon acquisition, the total occupancy of the buildings was less than 50%. Mcknight’s approach was to proceed with renovations of buildings 2 and 3 initially. They were newer and had limited occupancy. The goal was to fully lease these buildings before commencing work on building 1, which sat vacant except for a ground floor restaurant. With new mechanicals and renovated lobbies, buildings 2 and 3 were successfully leased. The next step was a complete renovation of both the interior and exterior of building 1. Additionally a free standing bank building was removed to accommodate the additional parking needs of future tenants. The surrounding market area is robust, and this property is being very well received, with two thirds of the available space being leased before completion of the renovation. The proximity to the international airport and the marcellus shale industry has contributed to the success of robinson plaza and the robinson office market.
- Freestanding Signage
Contact us
Listing Agency:
Lee & Associates | Western PA
(412) 339-2424
Listed By:
Caroline Muse
(412) 952-7666
Source:
Moodyscre
Added: Jun 29, 2023
Changed: Oct 25
Last Checked: Oct 28 at 11:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | Western PA
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Investment Insights
Based on property information with market context.
This three-building office complex includes Buildings 2 and 3, which were renovated after a prior lender foreclosure and were successfully leased following the installation of new mechanicals and renovated lobbies. Building 1 underwent a complete renovation of both the interior and exterior; at the time the renovations were initiated, Building 1 was vacant except for a ground-floor restaurant. As part of the overall redevelopment, a freestanding bank building was removed to accommodate additional parking needs for future tenants, and the property features freestanding signage.
The property is described as being well received in a robust surrounding market, with two-thirds of available space leased before completion of the Building 1 renovation. The remarks also cite proximity to the international airport and the Marcellus shale industry as contributing factors to the Robinson Plaza and Robinson office market performance.
The offering is presented as a for-rent opportunity within the Robinson Plaza complex at 2 Robinson Plz.
The property is described as being well received in a robust surrounding market, with two-thirds of available space leased before completion of the Building 1 renovation. The remarks also cite proximity to the international airport and the Marcellus shale industry as contributing factors to the Robinson Plaza and Robinson office market performance.
The offering is presented as a for-rent opportunity within the Robinson Plaza complex at 2 Robinson Plz.
Key Highlights
- Three‑building office complex with freestanding signage.
- Buildings 2 and 3 were renovated with new mechanicals and renovated lobbies, then successfully leased.
- Building 1 received a complete interior and exterior renovation after buildings 2 and 3 were leased.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,037
Businesses Nearby
Explore this area
Business Placement
Demographics for 15205, PA
23,594
Population
12,241
Households
1.9
Avg Household Size
38
Median Age
40%
College-Educated
95%
High-School Grad
11.7 sq mi
ZIP Area
2,017
Density / Sq Mi
$70,954
Median Household Income
$47,785
Median Earnings
$1,166
Median Rent
$171,500
Median Home Value
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Market
Lease Benchmarks for Pittsburgh, PA
$29.08 /SF/Yr
Avg Asking Price
$16–$50 /SF/Yr
Price Range
51,188 SF
Avg Space Size
Vacancy Rate% for Office in Pittsburgh, PA
Frequently Asked Questions
What type of property is this?
Office building - Three-building office complex with freestanding signage; Buildings 2 and 3 were renovated and leased, followed by full renovation of Building 1.
Where is this office building located?
The property is located at 2 Robinson Plz Pittsburgh, PA.
What are key features of this property?
This property features: Three‑building office complex with freestanding signage.; Buildings 2 and 3 were renovated with new mechanicals and renovated lobbies, then successfully leased.; Building 1 received a complete interior and exterior renovation after buildings 2 and 3 were leased.
