Elmhurst Group
Elmhurst Group is a privately held Pittsburgh-based real estate investment and development firm managing 3.7 million square feet of industrial, office, hospitality, and multifamily properties for institutional tenants and capital partners across Greater Pittsburgh.
- Company typePrivate
- Founded1974
- HeadquartersPittsburgh, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Elmhurst Group does
Elmhurst Group (legal entity Elmhurst Development, LLC) is a privately held, family-owned commercial real estate investment and development firm founded in 1974 and headquartered in Pittsburgh, Pennsylvania. The company acquires, develops, leases, and manages industrial, office, hospitality, and multifamily properties across Greater Pittsburgh, with a current portfolio spanning 3.7 million square feet across 45 buildings. Its notable assets include the 269,000 sq ft BPMI engineering campus in Monroeville (built for Bechtel Plant Machinery Inc. in support of the US Naval Nuclear Propulsion Program), the 107,000 sq ft Fifth & Craig / RAND Building in Oakland, and the 165,000 sq ft Brockway Commerce Center, a Class A industrial facility developed on a remediated brownfield site in Washington County. The firm serves institutional tenants in defense, research, healthcare, government, and civic sectors, alongside institutional capital partners led by PenTrust (backed by 21 union pension plans through the ERECT Fund).
Elmhurst Group firmographics
Firmographics- Name
- Elmhurst Group
- Legal name
- Elmhurst Development, LLC
- Website
- https://elmhurstgroup.com
- Company type
- Private
- Founded year
- 1974
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Elmhurst Group is a privately held Pittsburgh-based real estate investment and development firm managing 3.7 million square feet of industrial, office, hospitality, and multifamily properties for institutional tenants and capital partners across Greater Pittsburgh.
- Ownership category
- akta.pro rank
Elmhurst Group industry classification
Industry- Product category
- Commercial Real Estate Investment & Development
- SIC
- Operators Of Nonresidential Buildings (6512), Operators Of Apartment Buildings (6513)
- akta.pro primary industry
- Property Management Advisory & Leasing Administration (FSAEAJAN)
Keywords
Where Elmhurst Group is headquartered
LocationHeadquarters
- HQ city
- Pittsburgh
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Elmhurst Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain, Others
Revenue model
- Commercial Real Estate Rental Income: Long-term leasing of industrial, office, hospitality, and multifamily properties to commercial tenants generating recurring rental revenue
- Property Development Fees: Fees earned from ground-up development and redevelopment of commercial properties for institutional partners and capital providers
- Asset Management: Ongoing property and portfolio management services for owned assets and partner investments
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Industrial properties - quote-based pricing |
| Other | Multi-year contract | Office properties - quote-based pricing |
| Other | Pay-as-you-go | Hospitality - market-based rates |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Elmhurst Group product offering
Product offeringCore offering
Elmhurst Group is a privately held real estate investment and development firm that acquires, develops, leases, and manages commercial properties across Greater Pittsburgh. The firm focuses on industrial, office, hospitality, and multifamily assets with a portfolio spanning 3.7 million square feet across 45 buildings, partnering with institutional capital providers to deliver purpose-built facilities and adaptive-reuse developments.
Product overview
Elmhurst Group operates as a unified institutional real estate investment and development platform, not a modular software product. The company offers a portfolio of commercial properties across industrial, office, hospitality, and multifamily sectors in Greater Pittsburgh. Key properties include Brockway Commerce Center (industrial), Fifth & Craig: The RAND Building (office), and 3500 Technology Drive: BPMI (specialized engineering campus). Services encompass the full investment lifecycle from acquisition and development through property management, with a focus on long-term stewardship and partnership-driven outcomes.
Differentiator
Problem solved
Functional benefit
Products and services
- Brockway Commerce Center A 165,000 square foot Class A industrial facility in Washington, Pennsylvania, developed on the former Brockway Glass Plant brownfield site near the I-70 and I-79 interchange. Fully leased to Lighthouse Electric for electrical fabrication and kitting operations, demonstrating brownfield redevelopment expertise.
- Fifth & Craig: The RAND Building A six-story, 107,000 square foot Class-A office building in Oakland, Pittsburgh, anchored by RAND Corporation and CMU's Software Engineering Institute. Serves Pittsburgh's research, medical, and technology district with proximity to major institutional partners.
- 3500 Technology Drive: BPMI
Quantifiable outcome
- 3.7 million square feet managed across 45 buildings
- +3 more outcomes
Companies that use Elmhurst Group
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles4 records
Elmhurst Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Elmhurst Group partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and minor.
- Crossgates ManagementcoreDevelopment partner on Brockway Commerce Center, bringing land expertise and the original site acquisition from 2015. Crossgates identified the opportunity at the former Brockway Glass Plant site and partnered with Elmhurst to complete environmental remediation and deliver a modern industrial facility.
- RIDC (Regional Industrial Development Corporation of Southwestern Pennsylvania)coreCollaborative partner advancing major industrial projects with three successful transactions and shared regional development vision. RIDC and Elmhurst work together to transform industrial spaces into vibrant economic zones strengthening the region's job base.
- University of PittsburghcoreLong-standing university partner and anchor tenant supporting research, education, and innovation across key Elmhurst properties. The University serves as landowner for properties including Fifth & Craig and collaborates on Oakland development initiatives.
- Carnegie Mellon UniversitycoreMajor tenant and innovation partner at the RAND Building, with CMU's Software Engineering Institute anchoring the property. CMU partnership helps shape technology, research, and economic growth in Pittsburgh's Oakland innovation district.
- Allegheny County Airport AuthoritycoreLandowner partner enabling high-impact development at Airside Business Park and regional economic expansion. The Authority collaborates with Elmhurst on strategic industrial development near Pittsburgh International Airport.
- Allegheny County Health DepartmentcorePrimary tenant in Elmhurst's state-of-the-art laboratory facility supporting public health, safety, and scientific advancement. The partnership demonstrates Elmhurst's capability to deliver specialized facilities for government health agencies.
- Bechtel CorporationcoreTenant of a specialized Elmhurst-built 269,000 sq ft facility supporting national defense technology and advanced engineering operations for Bechtel Plant Machinery Inc (BPMI). The partnership has evolved through three phases over nearly two decades, delivering a mission-critical campus for US Naval Nuclear Propulsion Program support.
- RAND CorporationcorePrimary anchor tenant at Fifth & Craig: The RAND Building in Oakland, strengthening research, policy insight, and national security work. RAND's presence amplifies Pittsburgh's innovation ecosystem across defense, policy, and economic research.
- InnovatePGHminorEconomic development partner accelerating innovation, talent growth, and technology-driven progress across Pittsburgh's Oakland innovation corridor.
- The Pittsburgh FoundationcoreAnchor tenant and civic partner at 912 Fort Duquesne Boulevard headquarters, representing civic leadership in Pittsburgh's Cultural District. Elmhurst partnered on the Foundation's new headquarters creating a modern home for community, social, and equity progress.
- RiverlifeminorPartnership to reimagine Pittsburgh's waterfront, creating public spaces that connect communities and inspire growth. Elmhurst collaborates with Riverlife on urban revitalization initiatives.
- Carnegie Museums of PittsburghminorSupport for Carnegie Museums reflects commitment to preserving and advancing Pittsburgh's cultural heritage through strategic philanthropy and community partnership.
- Redevelopment Authority of Washington CountycorePublic agency partner for Brockway Commerce Center redevelopment, providing brownfield recognition and coordinating public-private capital structure including RACP, Business in Our Sites, and Local Share Account grants.
Scale indicators4 records
Recent moves8 records
Expansion highlights5 records
Elmhurst Group competitors and assessment
Company assessmentDirect peers
- Burns & Scalo Real Estate Services: Pittsburgh-based commercial real estate firm with comparable portfolio of office, industrial, and mixed-use properties in Western Pennsylvania. Most directly comparable peer given shared geography, asset class mix, and regional development focus.
- Mosites Development Company: Pittsburgh-area commercial real estate developer and operator with similar long-standing regional presence. Notably, Director of Leasing Eric Schindler previously worked at Mosites, indicating direct competitive overlap in industrial, retail, and office leasing across the same Pittsburgh submarkets.
- Oxford Development Company: Pittsburgh-based commercial real estate developer with comparable office, mixed-use, and retail portfolio in the region. Long-history regional developer with overlapping tenant relationships and similar patient-capital, long-term ownership philosophy.
- McKnight Realty Partners: Pittsburgh-based real estate investment and management firm focused on office, industrial, and retail properties in Western Pennsylvania. Directly comparable in geography, asset mix, and institutional investment approach.
Broad incumbents
- CBRE Group: Largest global commercial real estate services and investment firm. Competes with Elmhurst for institutional capital and tenants but at vastly larger scale, offering brokerage, property management, valuation, and investment sales across all asset classes globally.
- JLL (Jones Lang LaSalle): Global real estate services and investment management firm operating across leasing, capital markets, property management, and development advisory. Broader service offering and global footprint, but overlapping tenant and investor relationships in institutional office and industrial segments.
- Cushman & Wakefield: Major global commercial real estate services firm providing leasing, capital markets, valuation, and property management across all major asset classes. Competitor for institutional tenant relationships and capital partner mandates, though operating at vastly larger scale than Elmhurst.
- Newmark Group: Global commercial real estate advisory and services firm with strong capital markets and leasing capabilities. Acquired several Pittsburgh-area CRE firms (including Continental Real Estate), making it a relevant incumbent competitor in the same geography.
- Colliers International: Global commercial real estate services firm providing investment sales, leasing, valuation, and project management. Overlaps with Elmhurst in office and industrial leasing and institutional investor advisory, though at national/international scale.
- Trammell Crow Company: Major national commercial real estate development firm (subsidiary of CBRE) with deep industrial and office development capabilities. Comparable in industrial speculative development (similar to Brockway Commerce Center) but operating across multiple markets at institutional scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Elmhurst Group social profiles
Digital presenceElmhurst Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Elmhurst Group leadership team
Management profileNumber of profiles
Profiles6 records
Elmhurst Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Elmhurst Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Elmhurst Group
What does Elmhurst Group do?
Elmhurst Group is a privately held real estate investment and development firm that acquires, develops, leases, and manages commercial properties across Greater Pittsburgh. The firm focuses on industrial, office, hospitality, and multifamily assets with a portfolio spanning 3.7 million square feet across 45 buildings, partnering with institutional capital providers to deliver purpose-built facilities and adaptive-reuse developments.
Is Elmhurst Group a public or private company?
Elmhurst Group is a private company. It is classified as family owned and is currently operating.
When was Elmhurst Group founded?
Elmhurst Group was founded in 1974. It employs 11 to 50 people.
Where is Elmhurst Group based?
Elmhurst Group is headquartered in Pittsburgh, United States, in the North America region.
How does Elmhurst Group make money?
Three revenue lines are on record. Commercial Real Estate Rental Income is the primary driver. The others are property Development Fees and asset Management.
Who are Elmhurst Group's main competitors?
Direct peers on record are Burns & Scalo Real Estate Services, Mosites Development Company, Oxford Development Company and McKnight Realty Partners. Broad incumbents are CBRE Group, JLL (Jones Lang LaSalle), Cushman & Wakefield, Newmark Group, Colliers International and Trammell Crow Company.
Does Elmhurst Group have an API?
No public API is recorded for Elmhurst Group.
What industry is Elmhurst Group in?
Elmhurst Group's product category is Commercial Real Estate Investment & Development. Its primary akta.pro industry code is FSAEAJAN, Property Management Advisory & Leasing Administration. Its SIC code is 6512.