Top commercial, residental deals of the week
By Sam Spatter
Published: Saturday, Sept. 1, 2012, 8:58 p.m.
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
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.