TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Top commercial, residental deals of the week

About Sam Spatter

By Sam Spatter

Published: Saturday, Sept. 1, 2012, 8:58 p.m.

DEALSOF THE WEEK

A quick look at recent retail, commercial and industrial projects, sales and leases of note in Western Pennsylvania:

$3.5 million

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.

$1.53 million

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.

$750,000

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.

$2,4 million

Property: Edgeworth

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.

$632,000

Property: Pine

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.

$530,000

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

Most-Read Business

Subscribe today! Click here for our subscription offers.