ELITE IS MOVING TO THE FRICK BUILDING
- ELITE will take the top two floors of the Frick Building, a lease for 31,500 square feet
- The company expects to grow to 250 employees in 2019.
One of Pittsburgh’s fastest-growing companies is moving to the Frick Building
PITTSBURGH BUSINESS TIMES (FEBRUARY 8, 2019) — One of Pittsburgh’s fastest-growing young companies is ready to move its headquarters to a historic downtown penthouse.
Currently straddling two locations downtown, Elite Transit Solutions has made a deal with Rugby Realty to take the top two floors of the Frick Building, a lease for 31,500 square feet on Grant Street expected to enable the company to grow from its current headcount of between 140 and 150 employees up to 250.
Scheduled to start the move in April, Elite taking the space will put the occupancy of the Frick Building above 92 percent, backfilling the top floor space left behind by the short-lived coworking venture Coterie.
Launched in 2013 in Miami, but later moved to Pittsburgh, Elite has been enjoying triple-digit growth in recent years. The company focuses on technology and customer service to provide the transportation and logistics for clients who need to move a wide variety of raw materials and manufactured products.
Michael Johnson, President and CEO of Elite, said “we are thrilled to begin the next great chapter of Elite in the historic Frick Building.”
Jeremy Kronman and Tim McCarthy, of CBRE who represent the building for lease, tout the move as a key recruitment win for a tech firm for downtown as many such firms are largely driving the office market and often looking for space in Pittsburgh’s urban fringe.
Noting that Microsoft recently celebrated the opening of a new 10,000-square-foot office at Liberty Center downtown, Kronman expects the traditional advantages of the central business district — ample public transportation and parking, restaurants, large buildings with available space — will reassert themselves and attract more tech firms to the city’s core.
“Fast-growing companies can’t wait for a building to be built,” he said. “If you’re a fast-moving tech company, and you need to expand and shrink and grow, then you need a big, old building.”
Along with various repairs to the building’s exterior, Rugby has invested to add new collaboration, training and fitness centers to the Frick Building.
Rugby COO Larry Walsh indicated the firm recently opened its new Tenant Innovation Center in the Frick Building, a new amenity the firm is establishing in all its Pittsburgh-area office properties, allowing tenants access to its different properties throughout the region.
“Rugby will be rolling out new details in the next 90 days, but we have invested millions of dollars to provide all tenants of our buildings access to amenities that represent the best-in-class spaces and places for working between the airport, downtown and the Southside,” said Mr. Walsh in a prepared statement.
Elite has caught the eyes of many industry leaders, and has been named to several lists, noting its rise to prominence.
The firm has made the Inc. 5000 list as one of the fastest growing companies in North America for the last two years, generating a growth rate of 533 percent on last year’s Inc. list. Elite has also ranked in the top ten on the Fast 50, the ranking of the region’s fastest growing companies published annually by the Pittsburgh Business Times.
Kronman said Elite’s deal for its new office in the Frick Building includes options for future expansion as well.
The Frick Building is one of downtown’s most historic office buildings, commissioned in 1901 by famed industrialist Henry Clay Frick.
About Elite Transit Solutions (ELITE)
ELITE is a third-party logistics (3PL) company that services the freight management industry. Clients include food and beverage, OEM, industrial, and chemical companies. The company has twice been honored on the Inc. 5000 list (2017, 2018) as one of America’s fastest-growing companies and has received numerous additional awards such as Food Logistics’ Rock Stars, Best In Biz, Pittsburgh Business Times’ Fastest Growing, and Auburn University’s Top Tigers. To learn more about Elite Transit Solutions, visit elitetransit.com, e-mail email@example.com, or call (878) 999-2880.