TRINOVA CONTINUES ACTIVE BUSINESS PLAN ON FORTUNE 500 HQ BUILDING IN PITTSBURGH, US

 In Insights

 

Trinova are excited to welcome an additional tenant to our trophy office building at 201 Isabella Street on Pittsburgh’s dynamic North Shore. Alcoa Pittsburgh Federal Credit Union will relocate to the building from nearby 30 Isabella Street and will occupy newly created facilities on the first floor of 201 Isabella Street from early May.

 

Alcoa Credit Union will occupy the premises on a 10 year lease term at a rate of $27.00 psf triple net. This compares favourably against the wider market.

 

Alcoa Pittsburgh Federal Credit Union was founded in 1938 to provide loans and financial services for the employees of The Aluminium Company of America, one of the world’s largest producers of aluminium.  Today they continue to serve Alcoa employees and their families, as well as other select companies and organizations in their expanded field of membership.

 

This space was originally under-utilised and will be converted into office accommodation for Alcoa Credit Union, benefiting the overall income profile of the building.

 

Edmund Costello, leading the asset management for 201 Isabella Street, commented, “We are extremely pleased to have Alcoa Credit Union signing at 201 Isabella following another successful collaboration with our local partners Kairos Real Estate Partners (Kairos). This new lease represents a fantastic result for the team and continues to set a positive tone for the building while increasing NOI.”

 

Trinova and Kairos have  also rolled out a new tenant experience app, Cove, at 201 Isabella Street.  The app connects tenants to the amenities and services of the building such as direct ordering from the restaurant, access control, visitor management and amenity reservations.

 

The app has been well received by the tenants and is just one of several new asset management initiatives Trinova in collaboration with Kairos have introduced to the building to enhance tenant experience.

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