Foster Plaza 8 | Class A Trophy Building 730 Holiday Dr 12 258 m² 72 % Loué Bureau Vente aux enchères en ligne Pittsburgh, PA 15220

CBRE, as exclusive agent for the owner, is pleased to present the opportunity to acquire Foster Plaza 8 at 730 Holiday Drive in the Parkway West submarket of Pittsburgh, Pennsylvania. Foster Plaza 8 is a 131,945-square-foot, six-story office building over a spacious 7.29-acre lot and is currently 71.8% leased. The acquisition offers investors or potential users an attractive opportunity to acquire a professionally maintained asset at a significant discount to replacement cost. Ownership has also invested over $2.1 million into building capital expenditures since 2019, including a new fitness center, restroom upgrades, LED lighting and fixtures, lobby renovations and repairs, a resealed parking lot, and more.

Aetna Health Management, a US-managed healthcare company that sells traditional and consumer-directed health insurance and related services, is the largest property tenant, occupying 67,187 square feet (50.9% of the total square footage and 71.0% of the occupied area). Aetna will vacate the building when its lease expires in June 2025.

The remaining tenants at the property include Gannett Flemming (20,695 square feet—15.7% of total square footage), Technogel US (3,199 square feet—2.4% of total square footage), JIB Communications (2,263 square feet—1.7% of total square footage), and Ciminelli Real Estate (1,329 square feet—1.0% of total square footage), all of whom have expressed varying interests in renewing in the building.

Foster Plaza 8 is situated within Foster Plaza, a 12-building, 1.1-million-square-foot suburban corporate office campus. The property is located in Parkway West, the largest suburban office submarket in the region with 11+ million square feet of office stock, serving as a direct connector for the Central Business District and Pittsburgh International Airport (PIT).

Since office market fundamentals continue to strengthen, investors can create significant value and produce strong risk-adjusted returns through lease-ups. Users can purchase a building that offers advantages, including building long-term equity through asset appreciation, owning an office space with the freedom to customize the layout and design to meet specific operational needs without landlord restrictions, depreciation, other tax deductions, and more.

Property tours are available by appointment only. Please contact the broker to schedule.