On behalf of Ownership, HMX Realty Advisors is pleased to present the opportunity to acquire 51 Bridge Street (the “Property”), a 87,420 square foot tech flex building that is fully leased to Westinghouse Electric Company for the next 10 years. Situated just 6 miles northeast of Downtown Pittsburgh, the Property will serve as a mission-critical facility for Westinghouse, where they will manufacture key components for their eVinci Microreactors. Located 20 miles from Westinghouse's headquarters in Cranberry Township, the tenant has made a significant investment of approximately $18 million into the Property, underscoring their long-term commitment.
The current ownership acquired 51 Bridge Street in 2020 and completed a transformative redevelopment, earning the distinction of "2023 Best Tech Flex Project" from NAIOP Pittsburgh. The redevelopment was carefully designed to create a dynamic and cohesive blend of office and tech flex spaces, catering to the needs of technology, robotics, and manufacturing companies.
The Property is situated in Etna Borough, a quaint community spanning one square mile along the Allegheny River, approximately 6 miles northeast of Downtown Pittsburgh. Once recognized as a mill town, Etna has transformed into a thriving residential area with a diverse mix of businesses. With over 160 businesses, the community hosts a variety of employers, including industrial companies, local restaurants, small shops, and consumer outlets.
Strategically positioned at the intersection of Route 28 and Route 8, Etna offers excellent accessibility to a wide trade area, making it an ideal location for industrial tenants and major employers. Route 28 runs alongside the Allegheny River, connecting Downtown Pittsburgh to the northeast suburbs, including Etna, Fox Chapel, Harmar, and beyond. Route 8 serves as a key north-south corridor, linking Pittsburgh’s east end neighborhoods to the northern suburbs.
PA Broker of Record: Sunita Arora License #: RM061605A