Overview
McCandless Corporate Center Portfolio
The McCandless Corporate Center 1-3 portfolio comprises three office buildings located at 5500 - 5800 Corporate Drive in Pittsburgh, PA 15237. The properties total 289,193 square feet and are currently 62.0% occupied, with an in-place average rental rate of $23.18 per square foot and a 3.8-year weighted average lease term. The Year 1 NOI is $1,156,991. Anchor tenants include Pressley Ridge (18,844 SF), Lally & Co. (14,555 SF), and Willman & Silvaggio, LLP (12,453 SF). The portfolio, along with the medical office building at McCandless Corporate Center 4, forms the greater McCandless Corporate Center, which consists of 317,072 square feet of office space across four buildings in a 36-acre wooded, park-like campus. The location offers amenities such as elegantly designed lobbies and seating areas, an outdoor park and promenade area, professional on-site management, a new conference center with wireless connectivity, new common areas, abundant parking, controlled tenant access, access to public transportation, and a KinderCare Daycare Center. The property is located directly off Route 19 (McKnight Road), a popular retail corridor connecting major retail nodes, and provides direct access to Interstate 279. It is adjacent to McCandless Crossing, a 135-acre development with over 1.2 million square feet of retail, medical, hospitality, office, entertainment, residential, and senior living spaces. The location is also minutes from UPMC Passavant, Hillman Cancer Center, and AHN’s new McCandless Neighborhood Hospital, and 2.5 miles from Ross Park Mall.