Case Study: 2250 Roswell Drive in Pittsburgh, PA

510,531 SF Industrial Property

Acquired for $29 Million in May 2015 / Sold for $52.8 Million in March 2022


Acquired 2250 Roswell Drive in Pittsburg, PA for $29 Million in May 2015.


The property totals 510,531 SF and is situated in Class A Western Pittsburgh industrial in-fill submarket; property differentiated by its large size and close proximity to the Pittsburgh central business district.


Fully occupied at acquisition by anchor credit tenant, Amazon, and PE-backed e-commerce clothing manufacturer, ModCloth.


Extended Amazon’s lease five years in March 2019 and back-filled ModCloth’s premises (257,991 SF) in September 2021.


Sold property in March 2022 for $53.8 million, resulting in a $27.2 million return of capital to fund investors.