RIDC, URA Fairywood Site Gets Its First Tenant, Construction of New Warehouse to Begin
Pittsburgh, PA—June 23, 2022—Regional Industrial Development Corporation of Southwestern PA (RIDC) and the Urban Redevelopment Authority of Pittsburgh (URA) announced that Ferguson Enterprises, LLC (NYSE: FERG), a plumbing, HVAC and industrial product distributor, has signed a lease for the new 150,000-square-foot, single-user warehouse to be constructed at Fairywood Industrial, a 25-acre site in the Fairywood neighborhood of the City of Pittsburgh.
Earlier this year, RIDC and URA entered into a partnership agreement to develop the site, previously a public housing development that has been vacant since it was damaged by a hurricane over 15 years ago. This is the first of RIDC’s and URA’s two-phase development project targeting distribution uses. Phase 2 is expected to be a building of similar size.
“It’s exciting to see how quickly this project is advancing since we signed the partnership agreement in April,” said Greg Flisram, URA executive director. “The URA looks forward to continuing our work with RIDC to attract more job-creating tenants to the site.”