Jones Lang LaSalle Invests $5 Million To Expand Into Tower Two-Sixty In Pittsburgh, Pennsylvania
JLL will lease 54,000-square-feet of office space designed to accommodate projected growth in professional positions. The commercial real estate company plans to invest more than $5 million at the new site, and has also committed to the creation of 115 new jobs in finance and accounting over the next three years.
“Tower Two-Sixty is a bold and exciting addition to the marketplace,” said JC Pelusi, Market Leader/Managing Director in JLL’s Pittsburgh office. “The building makes a statement, one that contributes to company culture, employee attraction and retention.”
As an incentive, the company received a funding proposal from the Pennsylvania Department of Community and Economic Development including a Pennsylvania First Program grant for $250,000 and $230,000 in Job Creation Tax Credits. The plan was announced at a Topping Off ceremony today at the site.
“JLL’s decision to create 115 new jobs and relocate to the newly constructed Tower Two-Sixty site is a huge win for Pennsylvania and the city of Pittsburgh,” said Governor Tom Wolf. “I look forward to seeing more companies setting up shop here in Pennsylvania. Creating a climate for growing good-paying, middle class jobs is my top priority.” The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the Governor and work with businesses that are considering locating or expanding in Pennsylvania, in collaboration with Pittsburgh Regional Alliance.
“When a global leader in real estate makes yet another decision to grow here, it’s a true indication of Pittsburgh’s desirability,” said Pittsburgh Regional Alliance President David Ruppersberger. “The region has long-standing strength in corporate support, which is integral to JLL’s services to clients worldwide. The backbone of that corporate support strength is workforce. As JLL continues to grow, recruiting and retaining the best professionals – especially that next generation of workforce – will be critical.”
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