{"id":1004183770,"date":"2017-07-13T08:27:33","date_gmt":"2017-07-13T16:27:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004183770"},"modified":"2022-12-09T02:31:29","modified_gmt":"2022-12-09T10:31:29","slug":"nkf-secures-one-of-the-largest-industrial-sales-in-pittsburgh","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nkf-secures-one-of-the-largest-industrial-sales-in-pittsburgh\/","title":{"rendered":"NKF Secures One of the Largest Industrial Sales in Pittsburgh"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004183771\" style=\"width: 381px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/2300-Sweeney-Drrive-Clinton-Pa..png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004183771\" data-attachment-id=\"1004183771\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/nkf-secures-one-of-the-largest-industrial-sales-in-pittsburgh\/2300-sweeney-drrive-clinton-pa\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/2300-Sweeney-Drrive-Clinton-Pa..png\" data-orig-size=\"800,559\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"2300 Sweeney Drrive, Clinton, Pa.\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/2300-Sweeney-Drrive-Clinton-Pa..png?w=800\" loading=\"lazy\" class=\"wp-image-1004183771 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/2300-Sweeney-Drrive-Clinton-Pa..png\" alt=\"2300 Sweeney Drrive, Clinton, Pa.\" width=\"371\" height=\"260\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/2300-Sweeney-Drrive-Clinton-Pa..png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/2300-Sweeney-Drrive-Clinton-Pa..png?resize=300,210 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/2300-Sweeney-Drrive-Clinton-Pa..png?resize=768,537 768w\" sizes=\"auto, (max-width: 371px) 100vw, 371px\" \/><\/a><p id=\"caption-attachment-1004183771\" class=\"wp-caption-text\">2300 Sweeney Drive, Clinton, Pa.<\/p><\/div>\n<p>After leading the global marketing launch of the 3.25 million-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/nkf-to-market-3-3-msf-twin-cities-development\/\">mixed-use\u00a0development in Eagan, Minn.<\/a>\u00a0back in June, Newmark Knight Frank secured the marketing and sale of Clinton Commerce Center I, a 297,200-square-foot industrial space located close to Pittsburgh International Airport. The company represented Clinton Center LLC. PenTrust, a local pension fund advisor, provided the financing for the project which was valued at $26.7 million.<\/p>\n<h2>Single-tenant property<\/h2>\n<p>Located at 2300 Sweeney Drive, within Clinton Commerce Park, the Class A facility is leased entirely to Berlin Packaging on a long-term lease. This marks the fourth industrial building completed in the Clinton Commerce Park and the first sale to a third party.<\/p>\n<p>Louis Oliva, Keith Yearout and Jim Vondran of NKF represented the seller and secured the buyer, Stag Industrial Holdings. This transaction marks Stag\u2019s fourth acquisition in Pittsburgh.<\/p>\n<p><em>&#8220;There is a defined exit strategy for class A industrial projects for both fee simple and ground lease projects in our market,&#8221;<\/em>\u00a0Oliva<i> <\/i>said in a prepared statement<em>. &#8220;In addition, given its proximity to the Royal Dutch Shell Ethane Cracker facility, it provides additional support for other industrial development projects located within the I-376; Route 576 and Route 22 corridors that the western suburbs of Pittsburgh will continue to be a growth corridor for the foreseeable future.&#8221;<\/em><\/p>\n<p><em>Image via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The sale of the Class A industrial property marks the fourth industrial building completed in the Clinton Commerce Park and the first sale to a third party. <\/p>\n","protected":false},"author":436,"featured_media":1004183771,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21742,10,1602],"tags":[36709,36710,36007,36711,35970],"class_list":["post-1004183770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-latest","category-northeast","category-pittsburgh","tag-clinton-center","tag-clinton-commerce-park","tag-newmark-knight-frank","tag-pentrust","tag-stag-industrial"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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