Rich Gasperini and the team at Genfor have been outstanding partners for the past 10 years. They know the market, they know what they’re doing, and they consistently put our needs first. Their direct and pro-active approach were instrumental in sustaining occupancy and positioning the asset for a successful sale. We have full confidence in their team.
– Taylor Young, Principal & Executive VP Leasing
Maguire Hayden Real Estate
A Decade of Strategic Leasing Culminates in $32M Industrial Investment Sale
Following the acquisition of 460 Nixon Road in 2016, Maguire Hayden Real Estate required a strategic leasing partner to preserve occupancy and enhance value within a competitive Western Pennsylvania industrial market. Ownership’s objective was to maximize operating performance throughout the hold period while eventually positioning the asset for a successful exit. Recognizing the importance of working with a trusted leasing advisor, ownership engaged Rich Gasperini and his team.-
460 Nixon Road, Cheswick (Harmar Township), PA 15204
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Landlord Representation (10 years) - Leasing + Investment Sale
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515,000 SF Multi-Tenant Industrial Facility
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4 Leases Totaling 340,000+ SF
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$32,000,000 Investment Sale in Q4 2025
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Submarket - Northeast / Route 28
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Ownership: Maguire Hayden Real Estate
Challenge:
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The scale and multi-tenant nature of the half million square foot facility demanded consistent, hands-on leasing execution to maintain income stability across multiple lease cycles.
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Capital markets volatility required strategic lease structuring, proactive asset positioning, and local market expertise during the eventual disposition process.
Action:
Genfor Real Estate served as the exclusive leasing representative throughout Maguire Hayden’s 10-year ownership, maintaining consistent market engagement and tenant relationships.
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Executed a targeted leasing strategy through proactive outreach, disciplined lease structuring, and tenant negotiations that enhanced the property’s long-term value.
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Provided real-time market intelligence and strategic advisory to optimize the asset’s positioning for sale.
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Ownership engaged Genfor Real Estate to collaborate with JLL Capital Markets during the investment sale process, leveraging its local market expertise and deep understanding of the asset to support buyer engagement and underwriting.
Result:
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The decade-long partnership culminated in a successful disposition in Q4 2025 for $32,000,000.
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More than 340,000 SF of executed leasing during the hold period directly supported occupancy stability and exit pricing.
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A value-driven sale aligned with ownership’s investment objectives.
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Post-sale, Genfor Real Estate continued leasing representation under new ownership, ensuring continuity and sustained market momentum.
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The project demonstrates Genfor Real Estate’s ability to support clients across the full industrial asset lifecycle — from stabilization and leasing performance to capital markets collaboration and investment execution.
Contact:
Rich Gasperini, Principal
Genfor Real Estate
Cell: 412-651-6888
Direct: 412-564-0752
rgasperini@genforrealestate.com
