Pittsburgh Business Times
Local commercial real estate sources say they believe Texas-based Range Resources Inc., one of the first companies to enter the region to explore the Marcellus Shale for natural gas, is preparing for a gusher of an office expansion here.
The company, which leases about 100,000 square feet of office space in the Southpointe business park in Canonsburg, has asked several real estate companies for proposals on building a new regional headquarters of between 150,000 to 200,0000 square feet, according to Charlie Case, a principal of Scalo Case Development Inc., which manages one of the buildings Range occupies.
Case said Range requested a proposal for a new building from him and others a few months ago but that he has yet to receive a response. The company originally asked for a proposal for a 150,000-square-foot building and later increased it to 200,000 square feet, Case said. Case, who negotiated the leases with Range for one of its offices, said the leases are for two-to-four-year terms, suggesting the company will need to make a decision soon.
“I’d imagine they’d have to make a decision in the next year,” Case said, estimating it could take two years for such a project to be get permitted, designed and built. “How much space they need long-term is also up in the air.”
The company, which leases about 100,000 square feet of office space in the Southpointe business park in Canonsburg, has asked several real estate companies for proposals on building a new regional headquarters of between 150,000 to 200,0000 square feet, according to Charlie Case, a principal of Scalo Case Development Inc., which manages one of the buildings Range occupies.
Case said Range requested a proposal for a new building from him and others a few months ago but that he has yet to receive a response. The company originally asked for a proposal for a 150,000-square-foot building and later increased it to 200,000 square feet, Case said. Case, who negotiated the leases with Range for one of its offices, said the leases are for two-to-four-year terms, suggesting the company will need to make a decision soon.
“I’d imagine they’d have to make a decision in the next year,” Case said, estimating it could take two years for such a project to be get permitted, designed and built. “How much space they need long-term is also up in the air.”
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