Client Success Story - 150 Thorn Hill Road

Client Success Story: 150 Thorn Hill Road

Our experience with Genfor Real Estate was exceptional. While they are clear market leaders in the industrial space, what truly sets them apart is their role as trusted advisors — and trusted friends. They were honest and transparent about expectations and likely outcomes from day one. Their collaborative approach, professionalism, market insight, and grit ultimately delivered a true win — strengthening the asset, protecting its investors, and structuring a fair and sustainable deal for the tenant. The result exceeded our expectations.

– Izzy Rudolph, President & CEO
McKnight Realty Partners

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Fully Leased 432,023 SF Warehouse to Eos Energy Enterprises, Inc.

In Q4 2024, Izzy Rudolph, CEO and President of McKnight Realty Partners, approached Rich Gasperini and the Genfor Real Estate team to evaluate the market positioning of their 432,000+ SF industrial asset located at 150 Thorn Hill Road. Since McKnight’s acquisition in 2016, the property had remained fully leased to two tenants. With a shifting occupancy landscape emerging, ownership engaged Genfor Real Estate as their strategic advisor with a clear directive: navigate a fluid occupancy transition and best position the asset for its long-term future.
  

• 150 Thorn Hill Road, Warrendale (Marshall Township), PA 15086

• Landlord Rep - Lease

• 432,023 SF Warehouse

• Submarket - Cranberry

• Ownership: McKnight Realty Partners

Challenge:

• The property was encumbered by two tenants with staggered lease expirations. Tenant A occupying two-thirds of the building was vacating in the coming months and Tenant B occupying onethird of the building had an upcoming lease expiration in 2027.
• The building had structural constraints including areas with low clear height and inefficient loading configurations.
• Market conditions in Western Pennsylvania underscored the limited depth of demand for 400K+ SF large blocks of industrial space. For context: There were only two leases above 100K SF in the entire market in 2024 and there wasn’t an arm’s length lease over 325K SF in an existing industrial building for over a decade.

Action:

• By aligning early with ownership on key objectives, Genfor developed and executed a highly targeted outreach strategy focused on regional occupiers over 200K+ SF and national operators who could be drawn to a large, existing building in Western Pennsylvania.
• Six months after Genfor was engaged, Tenant B made plans to vacate early and began marketing their space for sublease. Ownership’s ultimate scenario was to find a single, long-term tenant for the entire building. Genfor quickly reframed the asset as a rare opportunity for large-scale users requiring immediate occupancy. This approach required deep market knowledge, active outreach, and creative deal structuring to meet both ownership and tenant objectives.
• Genfor facilitated the lease termination for one of the existing tenants to unencumber the building.

Result:

• Genfor’s execution-driven, ownership-aligned strategy culminated in a long-term, full-building lease to Eos Energy Enterprises in October 2025. Lease commencement was aligned with the roll of the existing tenants, resulting in zero downtime and uninterrupted occupancy for ownership. 
• This landmark transaction represents the largest lease in an existing industrial building in Western Pennsylvania in over ten years.
• A transformative win for the region - Eos announced an investment of over $350 million in capital expenditures and their operations are expected to create and retain 1,000 high quality jobs. This project strengthens the region’s standing as a leading hub for advanced energy storage, manufacturing, and innovation.
   

Contact:

Rich Gasperini, Principal
Genfor Real Estate
Cell:  412-651-6888
Direct: 412-564-0752
rgasperini@genforrealestate.com