Parkway Center (LNR) - Credit

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present this opportunity to purchase the fee simple interest in Buildings 4, 9, and 10 of Parkway Center (the “Properties” or “Portfolio”), a 244,000 square foot credit tenant office portfolio. The Portfolio is currently 88% occupied with a 15.2-year WALT and anchored by four (4) mission-critical, investment grade credit tenants, including Quest Diagnostics, and three Allegheny County departments – Pennsylvania Family Division, Department of Human Services, and Police Department. 98% of the rental income is attributed to these investment grade tenants.

The defining characteristic of this three-building Portfolio is the significant capital investment to develop nearly 212,000 square feet of mission critical space for the four investment grade credit tenants who occupy 99% of the leased area. Additionally, the Property’s strategic location, approximately 3 miles from Downtown Pittsburgh and 20 minutes from Pittsburgh International Airport, combined with direct access to I-376 via a dedicated exit, positions it as an exceptionally accessible office destination in one of the region’s most connected submarkets. This opportunity is further enhanced by the ability to acquire the Portfolio at a discounted basis, offering compelling value relative to the substantial capital improvements and quality tenant roster in place.