Elmhurst Innovation Center

Flex
Managed by
Genfor
Oakland

A purpose-built innovation campus designed to anchor Pittsburgh’s next generation of research, technology, and life science growth.

The Elmhurst Innovation Center is an 80,000 square foot tech/flex building—Phase I of an envisioned 160,000 square foot campus—strategically positioned within the Pittsburgh Technology Center. Designed for research, life sciences, engineering, and high-performance tech users, the building blends Class A office environments with high-bay R&D and warehouse capabilities. Its modern material palette, translucent wall system, flexible floor plates, and riverfront orientation create an adaptable environment suited for companies advancing complex, future-focused work. With direct visibility from I-376, proximity to Carnegie Mellon University and the University of Pittsburgh, walkability to the SouthSide Works, and on-site parking, the campus offers unmatched access to talent, amenities, and transportation in a premier urban innovation district.

Elmhurst Innovation Center

Impact in Numbers

At-a-glance metrics for this property, including total square feet, year completed, and Elmhurst’s ownership period.

80,000

Square Feet

2021

Year Completed

5

Hold Period

1

Equity Multiple

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Elmhurst Innovation Center

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Elmhurst Innovation Center
709 Technology Drive
Elmhurst Innovation Center

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COMMUNITY & PARTNERSHIP

A Strategic Collaboration to Activate Pittsburgh’s Innovation Corridor

Elmhurst developed the Innovation Center on former Urban Redevelopment Authority land, continuing a long tradition of public–private partnerships shaping Pittsburgh’s economic future. The URA’s stewardship of the Technology Center site laid the groundwork for high-value R&D redevelopment, and Elmhurst’s disciplined execution helped transform underutilized riverfront land into a center of high-impact commercial activity. The project supports regional goals around job creation, knowledge-sector growth, and the evolution of Pittsburgh’s innovation ecosystem.

The building further strengthens connections between Downtown, Oakland’s research institutions, and the broader university community. Designed to serve technology, biotech, and advanced engineering firms, the Innovation Center functions as a bridge between academic research and commercial deployment—reinforcing the city’s reputation as a place where ideas become industries.

Investment Story

Purpose-Built Real Estate Positioned for Long-Term Innovation Demand

Elmhurst recognized an unmet need for modern, flexible R&D space within Pittsburgh’s core innovation corridors—a need driven by expanding university research programs, spinouts, and technology-based companies seeking space that supports both office and technical workflows. By developing a building that combines creative office environments with high-bay, high-capacity infrastructure, Elmhurst created a differentiated product capable of serving a diverse tenant mix and capturing strong demand from growth-stage and established companies.

The Innovation Center reflects Elmhurst’s disciplined development philosophy: build adaptable structures with durable materials, anticipate future tenant requirements, and prioritize locations where talent, research, and industry intersect. As leasing progresses, the property is positioned to deliver resilient performance and long-term value. Phase I establishes the campus identity, while the planned second 80,000 square foot building offers expansion potential to support future demand—ensuring the development remains a cornerstone asset in Pittsburgh’s innovation landscape.

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