Pittsburgh, Pa.— (November 1, 2017) Faros Properties announces that ICO Alert, the trusted ICO discovery platform, will establish their headquarters at Nova Place. ICO Alert is a cryptocurrency-related company and the only comprehensive source for all active and upcoming Initial Coin Offerings (ICOs).
CBRE confirms that ICO Alert leased one of the move-in ready pre-built suites constructed by Faros Properties in Nova Tower 1. The complex provides 1.5 million SF of first class office space in three buildings located within the mixed-use property and underwent extensive renovations and upgrades after the purchase by Faros Properties in 2015.
“Pittsburgh is already a burgeoning tech hub and Nova Place encompasses that mentality with its highly functional space and state-of-the-art amenities,” Rob Finch, CEO and co-founder, said. “For us, it was a no-brainer to make it the first headquarters of ICO Alert.”
Thousands of companies, both new and established, have launched ICOs as a fundraising means by releasing their own cryptocurrency in exchange for Bitcoin, Ether, or other well-known cryptocurrencies. For many companies, ICOs are replacing the need for venture capitalist funding.
“We’d like to help make Pittsburgh an east coast hub for cryptocurrency companies. As we continue to expand our business operations and team, we look forward to bringing more awareness to this new technology,” Mike Finch, COO and co-founder, said.
“Dynamic companies like ICO Alert need a nice, move-in ready office suite, which has historically been really hard to find in Pittsburgh” according to Andrew Miller at CBRE. “The total amenity, infrastructure, & co-tenancy package at Nova Place makes the property a desirable location for growing tech firms. The move-in ready spaces at Nova make it feasible for companies like ICO Alert to continue expanding the critical mass of innovative & entrepreneurial activity at the property.”
“The renovations at Nova Place have attracted numerous TAMI tenants in the market. ICO Alert’s decision to establish its headquarters here confirms Nova Place’s reputation as a leading tech hub in Pittsburgh with outstanding amenities.” said Alexander Leventhal, managing partner, Faros Properties.
ICO Alert is the 6th new lease at Nova Place in 2017.
About Faros Properties LLC
Faros Properties is a real estate investment firm established by Alexander Leventhal, Jeremy Leventhal and Elliot Gould as a platform to target long-term private investment opportunities. Faros primarily targets core investments in supply-constrained markets with high concentrations of intellectual capital. Faros and its predecessor companies trace their roots to family-owned operations. The family has for over six decades been actively involved in the construction, development, acquisition, management, and financing of over 50 million square feet of real estate internationally.
About ICO Alert:
ICO Alert is a cryptocurrency-related company and the only comprehensive source for all active and upcoming Initial Coin Offerings (ICOs). ICO Alert has become the trusted ICO discovery platform by providing objective information on all ICOs, and continues to develop convenient, high-quality services for the cryptocurrency community.