William Penn Plaza
A strategically located office asset repositioned to serve a diverse mix of regional and national tenants.
William Penn Plaza is a nine-story, 130,000 square foot office building positioned at the convergence of the PA Turnpike, U.S. Route 22, and Mosside Boulevard in Monroeville. The property features a three-level parking deck, generous natural light, and onsite amenities including a deli—making it a functional, accessible workplace for a wide range of users. Located directly adjacent to UPMC East Hospital and moments from Parkway East, the building offers strong regional connectivity and a dependable suburban office environment for established service providers and professional firms.
Impact in Numbers
At-a-glance metrics for this property, including total square feet, year completed, and Elmhurst’s ownership period.
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Year Completed
Hold Period
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Supporting Monroeville’s Healthcare and Business Corridor Through Stable, Functional Workspace
Strategically situated near UPMC East and the broader Monroeville commercial district, William Penn Plaza supports a vibrant ecosystem of medical practices, professional services, and regional businesses. Tenants such as Suburban Urologic Associates, Marion Wealth Management, Northwestern Mutual, and various federal agencies contribute to the area’s role as a healthcare and employment hub serving communities east of Pittsburgh.
Elmhurst’s stewardship of the property ensures that local organizations continue to have access to reliable, high-quality office space with strong transportation access. The plaza’s location near transit corridors and major institutional anchors helps sustain economic activity, supports workforce mobility, and reinforces Monroeville’s longstanding position as a regional center of commerce and care.
A Disciplined 1031 Reinvestment Strengthening Elmhurst’s Suburban Office Portfolio
William Penn Plaza represents a strategic, value-add office acquisition executed through a 1031 exchange, enabling Elmhurst to redeploy capital into a well-located, inherently functional asset. The building’s efficient floor plates, abundant natural light, and strong roadway connectivity created a compelling foundation for repositioning—attracting a diverse mix of tenants whose operational needs align with the property’s practical design.
Elmhurst’s investment strategy focused on targeted improvements and proactive leasing to broaden the building’s tenant profile and enhance long-term stability. By cultivating a mix of healthcare users, financial services firms, and government agencies, Elmhurst positioned William Penn Plaza as a resilient suburban asset capable of performing across economic cycles. Its adjacency to UPMC East further reinforces the building’s long-term relevance, offering natural demand drivers tied to the region’s expanding medical and professional services sectors.
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