Mar. 20, 2014 - A nearly 140-year-old manufacturing firm that emerged from a 13-year span in Chapter 11 bankruptcy reorganization last year will soon move into a new headquarters on the Parkway West.
ANH Refractories, which has built a global business with 17 production facilities on three continents based on its heat-withstanding products, has inked a deal to take a 42,000-square-foot office in a new building now under construction at the Pittsburgh International Business Park.
Under development by Columbus, Ohio-based Continental Real Estate Services and Cranberry-based Chaska Property Advisors, the new business park is walking distance from ANH’s current 62,000-square-foot office at Cherrington Corporate Center in Moon Township.
Stephen Delo, named the CEO of ANH with the start of the new year, expects the new headquarters to help provide a fresh start for the company.
"This will all be one floor, with an open floor plan,” said Delo, looking forward to having the firm’s 200 corporate employees better able to work together. “Our current building right now is four stories and we don’t get effective utilization out of the space.”
David Koch, an executive vice president with CBRE who represented ANH in the move along with colleague Jamie Pavernik, deferred comment to his client.
The deal marks another leasing win for Continental/Chaska, which launched the Pittsburgh International Business Park on long-empty land under long-term lease from the Allegheny County Airport Authority a few years ago. Its first tenant was ServiceLink in October 2012. It also demonstrated the appeal of the kind of one-story flex office space being built at the park, offering ample parking, plenty of daylight and flexible floor plans.