400 - 700 White Clay Center
400 White Clay Center Dr, Newark, DE 19711
21,189 sm
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present this opportunity to purchase the fee simple interest in Keystone Summit, a premier 573,000 square foot Class A R&D flex and office campus located in Warrendale, PA, within Pittsburgh’s top performing Cranberry submarket. The property is 82% leased with a 6.9-Year WALT and anchored by a roster of investment grade credit tenants, including Accredo Health Group, Federated Investors, and Heinz North America. 62% of the rental income is attributed to Investment Grade tenants.
A defining characteristic of the property is the 187,926 square feet of mission-critical R&D space, accounting for one-third of total rental income, with specialized infrastructure contributing to long-term tenancy and exceptional retention. The campus also offers a pad-ready expansion site that can accommodate a 120,000 square foot, five-story building. Designed by renowned STUDIOS Architecture and offering best-in-class amenities, Keystone Summit is positioned as a unique, architecturally significant asset in one of Pittsburgh’s strongest submarkets.
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Attributes
Year built
2001
Building area gross
53,240 sm
WALT
6.9 years
Land Area
101 acres
Occupancy
82%
Parking spaces
1,548
Media
Investment highlights
- Strong In-Place Cash Flow Backed by Credit Tenants & WALT
- Mission Critical R&D Space Representing 34% of Total Rental Income
- Significant Tenant Investment in Highly Specialized Facilities
- 120,000 SF Development Expansion Opportunity
- Class A Suburban Campus with Best-In-Class Amenities
- Located in Pittsburgh's Fastest Growing Community and Strongest Office Submarket
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Keystone Summit (0 Properties)
