Tempus Realty Partners Acquires $43.75 Million Office and Retail Property in Pittsburgh, PA

LITTLE ROCK, Ark., May 20, 2025 /PRNewswire/ -- Tempus Realty Partners, an Arkansas-based real estate investment partnership, today announced the acquisition of a premier Class A+ office and retail property in Pittsburgh's dynamic Strip District for $43.75 million.

The property encompasses 94,580 square feet of office space and 31,405 square feet of retail, totaling over 125,000 square feet of high-end mixed-use space. Originally a warehouse, the building has been redeveloped into a modern architectural landmark featuring energy-efficient windows, soaring ceilings and historic character thoughtfully preserved throughout.

Strategically located just outside downtown Pittsburgh, the property is fully leased to Aurora Innovation, a leading autonomous vehicle technology company, as well as three nationally and regionally recognized retail tenants: Balverna, an Argentine-style brasserie; Orr's Jewelers, a premier fine jewelry retailer; and Design Within Reach, a modern furnishings brand.

"With office valuations currently below even the lows of the Great Financial Crisis, we see a compelling window for strategic investment," said Dan Andrews, CEO of Tempus Realty Partners. "As more companies return to in-person work and prioritize high-quality environments for their teams, demand for top-tier office space is clearly on the rise."

This acquisition reflects Tempus' confidence in Pittsburgh's Strip District – a neighborhood where historic character and modern innovation converge. With Aurora Innovation as the anchor tenant, the property exemplifies the growing demand for high-quality office environments and reinforces Tempus' commitment to investing in premier assets positioned for long-term performance.

ABOUT TEMPUS REALTY PARTNERS
Tempus Realty Partners is an investor-centric real estate investment partnership focused on acquiring and developing commercial real estate mainly in the South and Midwest. The strategy of Tempus is to create superior risk-adjusted returns via unique commercial real estate opportunities by investing with its network of partners in targeted cities. Tempus has acquired more than $1 billion of property in 25 states since forming in 2016.

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SOURCE Tempus Realty