Zenith Ridge Corporate Campus Secures $90M Refinancing

HFF announces $90M refinancing of Zenith Ridge Corporate Campus in suburban Pittsburgh

July 23, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $90 million refinancing of Zenith Ridge Corporate Campus, three Class A office buildings totaling 486,000 square feet in the Pittsburgh-area community of Canonsburg, Pennsylvania.

The HFF team worked on behalf of the borrower, Quattro LP, a partnership comprised of principals Jim & Jack Scalo, John Verbanac and Charles Zappala, to secure the 10-year, fixed-rate loan through Starwood Mortgage Capital.

The property, which is managed, leased and developed by Burns Scalo Real Estate, comprises Zenith Ridge 1, 2 and 3, located in Southpointe Business Park (a southwestern suburban area of Pittsburgh). The campus setting offers tenants walking trails, outdoor exercise stations, ping pong tables, communal fire pits, outdoor patios and outdoor meeting areas. The campus offers a “live, work, play” environment featuring South Pointe Town Center’s residential, retail, restaurant and hospitality options all within a short walk. The fully leased Zenith Ridge is sustainably managed by Class G, LEED-certified and home to several tenants, including Ansys and EQT.

The HFF debt placement team representing the borrower included senior managing director Mark Popovich.