Rob Richter understands how to find business opportunity, applying site selection logic to a fully cleared site of more than nine acres tucked amid the tree-covered hills of the city\u2019s West End.<\/p>\n
It\u2019s there that Richter, a senior vice president of development and investments for suburban Chicago-based Becknell Industrial, and his colleagues made the decision to buy a half-finished industrial redevelopment on Beechnut Drive in the city\u2019s Fairywood neighborhood from a joint venture of the Urban Redevelopment Authority of Pittsburgh and RIDC, a deal announced in March at a price of $25.5 million for a site that totals around 25 acres.<\/a><\/p>\n With a Ferguson operation bustling with activity in the first building built by the RIDC-URA joint venture, Richter and Becknell are now underway on building 217 Beechnut Drive, slated to be a 150,340-square-foot light industrial building expected to be available for lease early next year.<\/p>\n Click here to read more from our partners at the Pittsburgh Business Times.<\/a><\/p>\n Download the FREE WPXI News app<\/a> for breaking news alerts.<\/p>\n Follow Channel 11 News on Facebook<\/a> and Twitter<\/a>. | Watch WPXI NOW<\/a><\/p>\n TOP STORIES FROM CHANNEL 11 NEWS <\/p>\n \u00a92026 Cox Media Group<\/p>\n