The Jewish Federation of Greater Pittsburgh yesterday signed a 10-year lease at 2000 Technology Drive, a building owned by The Silk & Stewart Development Group. The Jewish Federation will occupy 16,925 square feet on the first floor. Financial terms of the deal were unavailable.
The Jewish Federation plans to begin buildout when the current tenants vacate the space late in 2018. The organization projects that the Federation will move offices in the first quarter of 2019.
Jeff Finkelstein, president and CEO of the Jewish Federation, commented, “We are excited to move into this great space that will enable us to welcome the community better and will provide an excellent working environment for our dedicated staff.”
The Jewish Federation’s lease includes an option on additional space on the second floor of the building. Silk & Stewart’s lease also offers the Jewish Federation the option to renew their lease for two five-year terms.
“We’re excited to have the Jewish Federation join our other tenants at 2000 Technology Drive,” said Andrew Stewart, principal of Tech Drive Partners, LLC, the legal entity under which Silk & Stewart handles rentals in the building.
The Jewish Federation of Greater Pittsburgh chose the space through the work of a volunteer committee led by David Sufrin, vice chair of the Jewish Federation’s board, in conjunction with the staff of the Jewish Federation, real estate broker Jamie Pivarnick of CBRE and attorney Alan Gordon of McGuireWoods. The process began more than a year ago and involved evaluation of a wide variety of commercial properties around the Greater Pittsburgh area.
“We’re all looking forward to a more efficient and effective workplace so that our organization has the opportunity to better provide for the needs of the Jewish community,” said Mr. Sufrin, who also serves as the Jewish Federation’s development chairperson.
About Silk & Stewart Development Group
Founded in 1989, the Silk and Stewart Development Group develops, leases and manages commercial properties in well-established growth markets, including the Western Pennsylvania metropolitan area, middle and western Tennessee and the Greater Phoenix, Arizona, metropolitan market. The company is responsible for the development and management of approximately 40 properties comprising over 1,000,000 square feet of space.