Commerce Court, an eight-story, 336,000-square-foot office property located in Station Square
, has surpassed the ninety-percent occupancy mark. Within the past month, Commerce Court—which also houses MARC USA
—has signed 93,941 square feet of new leases.CardWorks Servicing
, a leading servicer of credit cards, national debit cards and pre-funded cards, has signed a ten-year lease for 58,000 square feet. Paris-based Alcatel-Lucent, a leader in fixed, mobile and converged
broadband networking and IP technologies, applications and services
with operations in 130 countries, will occupy 36,430 square feet.
Increasing Commerce Court’s occupancy from sixty-three to ninety-one percent, the two leases reinforce the property's stability within the class-A office market. “It’s a great, centrally located spot with a large floor plate and inexpensive parking. It’s close to Downtown, and to restaurant, hotel and retail amenities,” says Dan Sliger, with CB Richard Ellis/Pittsburgh
, who represents Commerce Court.
In July, CardWorks will consolidate its existing Pittsburgh outbound call and inbound customer care centers at Commerce Court. The $1.8 million state-of-the art project represents one of 2007’s top ten real estate deals in greater Pittsburgh. Once built out, CardWorks’ one-story space will feature 400 workstations. Architect is KSBA
“We started in Pittsburgh in 1999 with sixty people, and now we’re close to three hundred. We plan to add another fifty-six people in the next three years. We looked at locations outside the state, but really wanted to stay within Pittsburgh—it was the quality of the people here,” says Kevin Begley, with CardWorks. “Station Square provides us with exactly what we need, and has the eateries and the Sheraton for our clients. It’s, safe, walkable and near the bus and T.”
Writer: Jennifer Baron
Sources: Dan Sliger, CB Richard Ellis/Pittsburgh; Kevin Begley, CardWorks ServicingImage courtesy CB Richard Ellis/Pittsburgh