Newly redeveloped flex R&D facility ready for tenants
Launchpad offers 60,000 SF of new flex R&D space located between Pittsburgh CBD and Oakland
PITTSBURGH, June 16, 2022 — Westrise Capital and JLL are pleased to announce that Launchpad, an adaptive reuse project at 304 Jumonville Street, is complete and ready for tenant fit out. The property offers approximately 60,000 square feet of new R&D space conveniently located in Uptown Pittsburgh, between Pittsburgh’s CBD and Oakland, with frontage along the Boulevard of the Allies.
Launchpad’s +/- 60,000 square feet of Class A flex and corporate R&D is ideal for uses including, but not limited to, office, technology, life sciences, research and development, or light manufacturing and assembly. This adaptive reuse, state of the art open, R&D, flex space has been on the rise nationally as well as in Pittsburgh - as both startups and established tech companies require prototyping, testing and development space, which can’t easily be recreated remotely and Launchpad offers space that addresses those needs.
Launchpad is located in a Keystone Innovation Zone offering certain tax benefits to qualifying tenants one block from the soon-to-be-developed Bus Rapid Transit station at the intersection of Forbes Avenue and Jumonville Street. In addition, the property’s key features include dramatic river views, natural light, UV filtration HVAC systems, substantial electric capacity, tall ceilings, drive-in and standard dock access, and more.
“Launchpad provides the ideal location for a research and development facility,” said George Mongell. “With the site’s unique infrastructure and opportune location between CBD and Oakland minutes from Carnegie Mellon, University of Pittsburgh, and multiple major hospitals, Launchpad is distinctively positioned on the frontline of innovation for space requirements of healthcare, life sciences, tech and more.”
JLL Vice President Greg Hopkins serves as the leasing agent for the property.
“Launchpad is a great opportunity for local and national users, and we’ve already been met with serious interest from tenants across varying industries,” said Hopkins. “Pittsburgh has seen good momentum across high-growth sectors like tech, life sciences and more. Assets like Launchpad will continue to garner interest and attention as the demand for flexible space continues to grow.”
“We are very excited to see the development at 304 Jumonville come to completion. When I joined Uptown Partners back in 2020, this project was one of the first I had the opportunity to see go through the community’s RCO process and Uptown Partners’ Real Estate Design and Development process. It is great to see what the old Clarus building has transformed into. It’s also great to see that a lot of the feedback from the community was taken into consideration,” said Dr. Brittany McDonald of Uptown Partners of Pittsburgh.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of June 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.