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By Sam Spatter
Saturday, Dec. 15, 2012, 8:54 p.m.
 

DEALSOF THE WEEK

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

$12 million

Property sold: 8000 McKnight Rd., Ross

Seller: Jefferson Pilot Investments LLC,, Concord, N.H.

Buyer: LRC Northway Mall Acquisitions LLC (Levey & Co.) Akron, Ohio

Details: Acquired the Shoppes at Northway, with master plan to be developed for retail, office and other uses at the complex.

Comment: “We will also buy the adjacent vacant Northway Elementary School, demolish it, and integrate that site with changes we eventually plan for the Mall,” said Kevin Fallon, Levey's vice president Development.

$1.5 million

Property sold: 201 Corey Ave., Braddock

Seller: McClure Johnston Co., Braddock

Buyer: HOX Management LP, Warrendale

Details: HOX has acquired the McClure Johnston Co., and all its properties, but is coninuing the McClure Johnston name.

Comment: “We are now part of a national company that has 235 locations, and we sold because that is the trend in the roofing supply business,” said John Oxenreiter, treasurer.

$565,000

Property sold: 5821 Darlington Rd., Squirrel Hill

Seller Henry C. and Estelle Morgan, Pittsburgh

BuyEr: Janell Hinton, Pittsburgh

Details: A four-unit tutor-style building, converted from a single-family house into four apartments with possible fifth unit on third floor.

Comment: “Owners decided to sell and provided a list of individuals who had expressed interest in apartment. Three of six made offers and their next-door neighbor and friend was chosen,” said Thomas Critchfield who with his wife, Viviana, are with Prudential Preferred Realty.

TOP DOLLAR HOMES

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

$605,000

Property: Cranberry

Seller: Randall and Denise Roble

Buyer: Thomas and Dana Nicklas

Details: Brick Provincial with covered pillard entrance, two-story family room open to kitchen, whirlpool, finished lower level game area, media area.

Comment: “Buyers liked spaciousness of this home with a guest suite and bedrooms, plus bath in lower level, said location had country feel but yet convenient, are some of the many reasons the buyer loved the house,” said Georgie Smigel, Coldwell Banker Real Estate.

$550,000

Property: Sewickley

Seller: Christine Beshar, trustee

Buyer: H. Ramsey Dethero, trustee

Details: Ranch has one-level Colonial-style, a two-bedroom condominium, building has common elevator, intercom sysem, attached garage space,locked storage room in basement.

Comment: “Buyer liked this two-bedroom, two-bath Sewickley Village condo which was recently renovated and features two working fireplaces and an oudoor balcony,” said Peter and Alexis Theis with Howard Hanna Real Estate.

$549,900

Property: , Cranberry

Seller: Ralph and Amy Phillips

Buyer: Joseph and Mary Venazindis

Details: Two-story Provincial, kitchen with heated slate floors, hickory wood floors in living and dining rooms, luxury spa bath includes therapy tub, stone patio with firepit and large fenced in yard.

Comment: “Buyers fell in live with house first time they saw it. It was completely remodeled, features chef's kitchen which was custom designed by owners and Boehm & Son kitchen designers,” said Linda Honeywill of Prudential Preferred Realty.

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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