Top commercial, residental deals of the week
By Sam Spatter
Published: Saturday, September 1, 2012, 8:58 p.m.
Updated: Tuesday, February 19, 2013
DEALSOF THE WEEK
Property sold: Route 30, North Huntingdon
Seller: Estate of L. Malcoln Hamilton (Hamilton Automotive), North Huntingdon
Buyer: Jacktown Partners BGSM (Kenny Ross Automotive Group), Irwin
Details: Acquired four dealerships involving Subaru, Mazda and GMC truck, to add to its Chevrolet, Buick, Cadillac, Ford, Toyota, Scion and Nissan dealerships.
Comment: “It adds three brands we don't currently sell. We expect the new franchises to generate about 15 percent growth immediately, and even more in the coming year,” said James Ross, president.
Property sold: 308 7th Ave., Downtown
Seller: 308 Seventh Avenue Partnership, Pittsburgh
Buyer: Hefren-Tillotson Inc., Pittsburgh
Details: Office building, with 14,400 square feet of space.
Comment: “The property at 308 7th Avenue will serve as a Downtown headquarters for Hefren-Tillotson, which also operates branch offices in Wexford (Marshall), Upper St. Clair, Butler and Greensburg,” said Larry D. Sebbens, director of marketing.
Property sold: 3221-25 Babcock Blvd., Ross
Seller: ESB Bank, Ellwood City
Buyer: Lockamp Plaza LLC, Pittsburgh
Details: Acquired a three building site, including a bar/restaurant.
Comment: “We plan to raise one building to supply parking spaces, and renovate the remaining structures,” said Michael Locke, manager, Lockamp.
TOP DOLLAR HOMES
Recent home and condominium sales that brought top prices in Western Pennsylvania.
Seller: Paul and Susan Dimmick
Buyer: Revathi Advaitmi and Jeevan S. Mulgund
Details: A classic Brandon Smith Colonial home, with central air-conditioning, on a huge and private lot, with lush and mature landscaping, offering privacy, and a three-car attached garage.
Comment: “The buyers were transferees who wanted a Sewickley-type home with all the amenities, that was close to Sewickley Village,” said Gina Cuccaro of Prudential Preferred Realty.
Seller: William K. Monroe
Buyer: James and Kathleen Ruiz
Details: Brick provincial with covered front entry, two-story hardwood foyer, cathedral ceilings, staircase with wrought-iron railings, private first floor den, whirlpool bath with two granite vanites, gameroom, patio.
Comment: “Buyers wanted Pine-Richland school district, a finished basement and loved the backyard,” said Kevin Mihm, Coldwell Banker Real Estate.
Property: Fox Chapel
Seller: Sean F. Lydon
Buyer: Francis and Lisa Pike
Details: Five-bedroom Colonial with three new baths including whirlpool spa tub for two, custom shower with full body massage jets, located at end of a cul-de-sac offers with view from huge deck of a private yard surrounded by oak trees.
Comment: “The buyers loved the cul-de-sac lot with big trees, big deck in back overlooking private back yard, and the refinished floors and recently updated kitchen and master bath,” said Bunny Wolff, listing agent with Prudential Preferred Realty.
— Sam Spatter
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