Pettinaro on Wednesday March 13 will hold a groundbreaking for a new addition to the iconic Montchanin Corporate Center in Greenville.
The 30,000-square-foot expansion will add two stories of Class “A” office space to the long-standing office center off Montchanin Road. Two new tenants have already signed on: Bessemer Trust leased a suite on the first floor, and Glenmede Trust leased the entire second floor.
More space will open for leasing when construction ends. The building currently hosts 25 commercial tenants.
“I am pleased we have this chance to construct the final addition at 20 Montchanin,” said Gregory Pettinaro, CEO of Pettinaro Commercial Real Estate. “With the signing of two credit financial institutions, it strengthens 20 Montchanin to be the only true Class “A” building in the Greenville area.”
Pettinaro Construction Company, Inc., an affiliate of the real estate developer, will handle construction, which is estimated to finish by fall of this year.q
“Glenmede has been serving clients from its Delaware office for over 20 years. This move reflects our sustained commitment to the community and will allow us to continue to grow and provide exceptional client service,” said Geoff Rogers, regional director of Glenmede’s Wilmington office.
The groundbreaking ceremony will take place at 10:30 a.m. on 20 Montchanin Road, Greenville.