Friday, April 1, 2011

HFF arranges $15.5 million refinancing for industrial warehouse in Pittsburgh


PITTSBURGH, PA – HFF announced today that it has arranged a $15.5 million refinancing for 615 Alpha Drive, a 327,500-square-foot industrial warehouse in Pittsburgh’s RIDC O’Hara Business Park (top left photo).

Working exclusively on behalf of McKnight Realty Partners, HFF placed the 10-year, fixed-rate loan with Nationwide Real Estate Investments.  Loan proceeds were used to refinance the acquisition and renovation loan.

615 Alpha Drive is situated on 14 acres within the RIDC O’Hara Business Park about eight miles northeast of downtown Pittsburgh via the Allegheny Valley Expressway.  The property is 80 percent leased to tenants including Benshaw, Inc., a subsidiary of Curtis-Wright Corporation. 

The HFF team representing McKnight Realty Partners was led by executive managing director Gerard Sansosti.

McKnight Realty Partners is a leading real estate investment and development company based in Pittsburgh, Pennsylvania.

Gerard T. Sansosti, HFF Executive Managing Director, (412) 281-8714
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,


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