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Tuesday, June 06, 2006

PRA searching for 800,000 s.f. of Space in the Region

Friday's Pittsburgh Business Times reported that the Pittsburgh Regional Alliance is searching for up to 1 Million s.f. of office space for an undisclosed tenant.

This would create one of the region's largest real estate transactions in recent history.

There is a lot of internet speculation that the space is for Westinghouse's nuclear power division, although the PRA is not disclosing who the tenant might be.
Previously, Westinghouse had announced it's intention to hire 2000 employees in the region in anticipation of a number of overseas nuclear facility contracts.

If Westinghouse does build a major new facility in the region, it may be the most important (good) economic news that the region has seen in decades.

If the current search for office space is for Westinghouse, it provides hope that the company could become as important to Pittsburgh's future as it was to our past.

Read More at The Pittsburgh Business Times

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