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Top commercial, residential deals of the week

Saturday, Sept. 22, 2012, 9:17 p.m.
 

DEALSOF THE WEEK

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

$11 million

Property sold: 1000-1050 Countyside Plaza, Mt. Pleasant

Seller: Colony Holding Co., Mt. Pleasant

Buyer: PDQ Properties Corp. and ProVest Properties LLC,, Hallendale, Fla.

Details: A 197,941-square-foot, 16-acre property including 160,000-square-foot town center, a 13,000-square-foot multi-tenant building, free-standing building occupied by Busy Beaver, and a First Niagara Bank branch. A grocery store is leased to Krogers and subleased to JK's County Market. Not included in the deal were a McDonald's and a Rite Aid Pharmacy.

Comment: “This was a great deal ... and with the new tenant, Great Clips, occupancy is 100 percent,” said Gary Abramson, vice president.

$1.2 million

Property sold: 5511 Baum Blvd., Bloomfield

Seller: FirstMerit Bank, Akron, Ohio

Buyer: T J Acquisition LLC, Pittsburgh

Details: Acquired the vacant former Collins Health Center building along with a dwelling at 440 S. Fairmount St., used as an office.

Comment: “The new owner is planning to convert the building into high-end rental housing,” said a TJ Acquisition spokesman.

$110,000

Property sold: Hatfield St, between Home St. and Cotton Way, Lawrenceville

Seller: Pittsburgh Urban Redevelopment Authority, Pittsburgh

Buyer: North Lincoln Investment Co., Pittsburgh

Details: Developer will build a first phase with six units of the plannned 14-unit Hatfield+Home Development, scheduled to open in 2013, with two- and three-bedroom units, priced in the mid-$200,000 to high $300,000 range.

Comment: “I love Lawrenceville, and I'm thrilled to be part of its revitalization, and it is becoming a great place to build housing,” said Bob Mistick, of North Lincoln Investment.

TOP DOLLAR HOMES

Recent home and condominium sales that brought top prices in Western Pennsylvania:

$759,000

Property: Peters

Seller: Matthew and Jodi Burns

Buyer: John Trauzzano

Details: Colonial-style home has gourmet kitchen with large center island, den, second floor laundry, finished lwer level with bar, fireplace, full bath, walkway to private in-ground pool area, mud room, manicured landscaping.

Comment: “The home, pool and beautifully landscaped grounds captivated the buyers, who made a full price offer,” said Mary Lou Hagman, Keller Williams Real Estate Professionals.

$800,000

Property: Pine

Seller: David and Tina Cooper

Buyer: Craig and Michele Clark

Details: Four-sided brick Colonial on level lot, sound proof interior, cathedral ceilings, dual staircase, first floor den, family room, three-car attached garage.

Comment: “Buyers liked the all-brick home featuring a level backyard with trees, two-story family room and a private bath for every bedroom,” said Kevin Mihm, Coldwell Banker Real Estate.

$550,000

Property: Highland Park

Seller: James & Joan Masters

Buyer: J.B. Tom

Details: Colonial-style brick home with six fireplaces, central air conditioning, two-car attached garage with door opener.

Comment: “The buyers had lost out on another house in the neighhood and found this house in impeccible condition, across from the park,” said Kelly Meade, Howard Hanna Real Estate

Sam Spatter is a staff writer for Trib Total Media. He can be reached at 412-320-7843 or sspatter@tribweb.com.

 

 
 


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