, a new accelerator from the South Side-based InnovationWorks program, has signed a lease for space in East Liberty.
Colliers International, the leasing agent for the new East Liberty developments at Indigo Square and the nearby space on Broad Street, confirmed that AlphaLab Gear will occupy 10,000 square feet and its lease includes rights to expand. The space, located at 6024 Broad Street, places it right next door to Thrill Mill
and its business incubator, HustleDen
, and within close proximity to the Tech Shop
and Google’s Pittsburgh headquarters.
“It’s great to have these types of business. If we can mash together enough high-tech, like-minded startup groups, that can start a great tech community in that area,” says Mark Anderson, vice president of office and retail brokerage with Colliers.
AlphaLab Gear is a new accelerator for companies creating hardware, robotics and other physical products, says Terri Glueck of Innovation Works. Their AlphaLab, which is on the South Side, runs two sessions per year, each lasting 20 weeks. During sessions, enrolled entrepreneurs receive $25,000 in investment capital, office space, mentoring and educational sessions to help get their fledgling companies off the ground.
“We were interested from the beginning in having tech companies in the area. It’s good for East Liberty and Pittsburgh as a whole to mass these tech companies in one location,” Anderson added.
Anderson added that the building at the corner of Highland Avenue and Broad Street still has some 9,000 square feet available in retail and office space.
Writer: Matthew Wein
Source: Mark Anderson