Ownership of 11 Stanwix Street, affiliates of M & J Wilkow and DRA Advisors, are pleased to announce that TriState Capital Bank is adding another floor to now encompass 45,000 square feet at 11 Stanwix in downtown Pittsburgh, PA.
Martin Sweeney, Senior Vice President, Acquisitions and Asset Management at M & J Wilkow said "TriState Capital has a corporate culture that matches well with the vibrancy and sense of community we've fostered at 11 Stanwix, which has become increasingly evident since the onset of COVID-19 as we have now signed almost 200,000 square feet of new tenancy at our Stanwix campus over the last 24 months, bringing occupancy across both buildings to approximately 85%."
"We believe the first-class tenant engagement by 11 Stanwix reflects our appreciation and focus on providing an exceptional environment for our team," said Brian Fetterolf, President & CEO of TriState Capital Bank.
About M&J Wilkow
M & J Wilkow is a leading commercial real estate owner and operator dedicated to creating value for its investors. The Company's approach to real estate emerged distinctively from an owner's perspective and has evolved over 82 years in the real estate business. M & J Wilkow's portfolio consists of 85 properties consisting of approximately 13.9 million square feet. The aggregate market value of the portfolio is estimated to be in excess of $3 billion. For more information, visit www.wilkow.com.
About DRA Advisors
DRA Advisors LLC is a New York-based registered investment advisor with approximately 95 employees specializing in real estate investment management services for institutional and private investors, including pension funds, university endowments, sovereign wealth funds, foundations, and insurance companies. Since DRA was founded in 1986, the firm has opened additional offices in Miami and San Francisco while acquiring over $36.5 billion of real estate. The acquisitions include 84 million square feet of industrial, 64 million square feet of office, 83 million square feet of retail and 82,000 multifamily units. As of June 30, 2022, DRA has $12.3 billion in gross assets under management. www.draadvisors.com.
###