Shell faced questions this week at local and state hearings over the new petrochemical plant it plans to build northwest of Pittsburgh. Local officials asked the company about air and water pollution from the plant—as well as how noise, light and traffic will impact the surrounding communities.
Some nearby residents are concerned about how all these issues will impact their property values. But for commercial real estate in the region, one expert says Shell is bringing, if not a tidal wave, at least a “rising tide” of development. Dan Adamski, managing director of Jones Lang LaSalle, the real estate firm that represented Shell in purchasing the Beaver County site along the Ohio River, says the company chose this spot for a simple reason. “[It’s] primarily because of what’s underneath us—the Marcellus Shale. They like the location on the Ohio River.” Read more here!