501 Technology Drive is a Class A office building exceptionally located in Southpointe, a 610-acre mixed-use business park
in Canonsburg, Pennsylvania, 20 minutes southwest of the Pittsburgh Central Business District. The property
comprises a three-story building with 98,314 square feet of quality office space and surface parking that provides an overall
ratio of 4.92/1,000 rentable square feet.
Southpointe is one of Pennsylvania’s premier business parks featuring corporate headquarters, a health club, hotel and
conference center, restaurants, residences, and a golf course. With more than 300 companies, including 15 headquarters or
divisions of NYSE-traded companies, nearly 15,000 people work in the park. Conveniently located adjacent to Interstate 79,
Southpointe’s highly accessible location places area businesses 25 minutes south of Pittsburgh International Airport.
501 Technology is fully leased to institutional-quality tenants and has a weighted average lease duration of 5.77 years. The
property is anchored through November 2025 by Primetals — a joint venture of Mitsubishi and Siemens. As such, 501
Technology presents the opportunity to acquire a high-quality office asset with a stable income stream boasting a highly
desirable location, all at a discount to replacement cost.
Built in 2000, 501 Technology Drive is a three-story office building with 484 surface parking spaces providing an overall ratio of 4.92/1,000 square feet. The office building has floor plates averaging approximately 33,000 square feet.
For more information, reach out to Kelley Hoover Heckathorne at NAI Burns Scalo: 412-670-4248 or khoover@naiburnsscalo.com.