Schenley Place
A landmark Oakland development delivered through trusted partnerships and anchored by global technology and research leaders.
Schenley Place is a 105,000 square foot, seven-story office building positioned at the heart of Pittsburgh’s Oakland innovation district—home to the University of Pittsburgh, Carnegie Mellon University, and UPMC. Designed with Class A systems, below-grade parking, EV charging, and highly efficient floor plates, the building supports both technology and institutional users who require modern workspace in close proximity to world-class research anchors. Located at the corner of Bigelow Boulevard and Ruskin Avenue, Schenley Place offers prime access, walkability, and visibility within one of the nation’s most concentrated centers of research, medicine, and applied innovation.
Impact in Numbers
At-a-glance metrics for this property, including total square feet, year completed, and Elmhurst’s ownership period.
Square Feet
Year Completed
Hold Period
Equity Multiple
A Development Made Possible by Deep Trust and Long-Standing Institutional Relationships
Schenley Place originated from a rare opportunity: following Elmhurst’s successful redevelopment and leasing of the nearby RAND Building, the First Baptist Church of Pittsburgh approached Elmhurst directly to redevelop its adjacent parking lot into a high-quality office building. After earning the church’s confidence, Elmhurst structured a 99-year ground lease and partnered once again with PenTrust, whose support has been instrumental across many of Elmhurst’s most transformative regional projects.
Today, the building serves organizations whose work defines Oakland’s civic and intellectual landscape. The University of Pittsburgh occupies space for multiple academic and administrative functions, and Meta maintains a long-term office presence. Together, these tenants reinforce Schenley Place as part of a larger ecosystem of research, discovery, and technological advancement—strengthening the neighborhood’s role as Pittsburgh’s innovation core.
A High-Confidence Development in a Supply-Constrained Innovation Market
Elmhurst identified Schenley Place as a strategic opportunity to create new Class A supply in Oakland—a submarket where new development is rare, demand is steady, and tenant credit quality is exceptionally strong. Backed by its proven track record and by the strength of its joint venture with PenTrust, Elmhurst delivered a modern, institution-ready asset designed for long-term durability. The result was immediate: the building leased swiftly to Meta and the University of Pittsburgh, validating the investment thesis and confirming the property’s alignment with the needs of research, healthcare, and technology tenants.
From an investor perspective, Schenley Place demonstrates the advantages of disciplined development in a high-barrier, knowledge-economy district. Tenants in Oakland tend to be stable, mission-driven, and deeply anchored to place—creating long-duration occupancy and resilient cash flows through multiple market cycles. The project’s performance has exceeded expectations, benefiting from strong tenant credit, exceptional location fundamentals, and the structural demand drivers that continue to shape Oakland’s future.
Contact Our Leasing Team
Ready to explore this and other strategic properties? Our team is prepared to provide detailed information and help with your business needs.