Intervala Inks New Long-Term Lease with RIDC
- Nov 07, 2017
Intervala, a high-tech electronics manufacturing company, signed a new 135,000-square-foot lease for the next five years with The Regional Industrial Development Corp. of Southwestern Pennsylvania (RIDC). The firm will occupy three floors of the S Building within Keystone Commons in Turtle Creek, Pa., a location from which Intervala has been operating for more than 10 years. The new agreement allows for an additional five-year lease extension.
The landlord has recently modernized the building at 700 Braddock Ave. by replacing the windows and upgrading the parking, among other improvements. “They took an old building from 1954 and created a comfortable, professional environment that has helped us attract new customers, suppliers and employees. It’s a clean, welcoming space with lots of natural lighting,” said Scott Gustafson, the company’s COO, in prepared remarks.
RIDC acquired the former Westinghouse complex in 1989 and since then, the company has been working to turn the property into a world-class industrial park. It now comprises several high-bay buildings including the West Shop Industrial mall, a plant turned into a facility with “industrial-theme” store fronts. The site encompasses approximately 2.3 million square feet of industrial, warehouse, manufacturing and office space, home to more than 40 companies.
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