Local

Owner to invest $20 million to make way for new Duquesne Light headquarters at Nova Place

DLC moving headquarters to North Shore Duquesne Light Company said it will be moving its headquarters to Pittsburgh’s North Shore. (DLC/DLC)

PITTSBURGH — Jeremy Leventhal and team at Faros Properties are to the point where finding space for newcomers at his company’s 1.5-million-square-foot Nova Place on the North Side can be a bit of a research project.

>> DLC moving headquarters to North Shore

In the case of the 124,000-square-foot office lease for a new headquarters for Duquesne Light at Nova Place, Faros Properties and its leasing representatives at CBRE turned to a huge, underused space of PNC Financial Services Group Inc. to find a new corporate home for the local utility provider.

“We’re pretty full,” said Leventhal, managing partner for New York-base Faros, which bought the former Allegheny Center nine years ago at a time when it was only half occupied. “It’s really about moving pieces around on the chess board.”

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