The Fort Pitt Brewery Complex: Multi-Building Investment Opportunity offering 155K SF of Flex Space & 5 Lots

Colliers is pleased to present the opportunity to acquire the fee simple interest in the Fort Pitt Brewery Complex: a multi-building portfolio consisting of 155,607 square feet of flex space currently 90% occupied with accredited tenants. This investment includes the historic Fort Pitt Brewery building at 1601 Marys Avenue, renovated in 2015 to offer a variety of creatively designed offices and light manufacturing space; the Brewery Workshop Lofts at 1600 Marys Avenue, a high-bay, light industrial makerspace offering loft-style workshops; five parking lots, one of which offers 150+ striped surface spaces; and three single-family homes, acquired for the aforementioned parking provided on their lots. This dynamic opportunity allows for a potential investor to exercise their imagination and implement strategies for continued operations, or reposition the asset to take advantage of this emerging submarket in conjunction with local government and economic development programs.

Investment Highlights:

• 155K+ of flex space occupied by tenants such as Deeplocal, who was acquired by world-renowned advertising agency WPP in 2017
• Parking lots and single-family homes are zoned M: Mixed-Use District, permitting apartment, retail, and mixed-use development opportunities
• Potential investor will be able to capture additional revenue on top of the in-place NOI by leasing remaining vacancies
• Qualified HUBZone: properties are situated in area eligible for U.S. SBA HUBZone program benefits

Invest in Pittsburgh: a secondary real estate market within a midwestern group of vibrant U.S. cities, boasting high liquidity, a large and diversified economy, and globally renowned brand recognition. Abundant employment, cultural, and educational opportunities draw talent, business, and visitors to Pittsburgh from all around the world, making the Steel City an opportune location for your investment.

Sharpsburg, an Emerging Neighborhood: Located just five miles north of Downtown Pittsburgh, Sharpsburg is enjoying a revitalization prompted by investment in commercial and residential real estate, as well as its Allegheny Shores development: a 50-acre, mixed-use development spanning 1.5 miles of the neighborhood’s riverfront, offering bike trails, commercial spaces, and affordable housing that has received over $25M in local and federal funding since 2022. 

Please reference our CA agreement in the documents section below to view our full Offering Memorandum, and contact our Capital Markets Team for additional details!

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