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Real estate top deals

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Saturday, Dec. 22, 2012, 8:56 p.m.
 

DEALSOF THE WEEK

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

$99.2 million

Property sold: EQT Plaza, Liberty Ave., Downtown

Seller: Liberty Avenue Mezzanine LLC,

Buyer: Highwoods Properties Inc., Raleigh, N.C.

Details: A 32-story, Class A office building, currently at 92.2 percent occupancy.

Comment: “We are thrilled to expand our footprint by 40 percent in Downtown Pittsburgh with the acquisition of another Class A office building, following our purchase of PPG Place for $214.1 million,” said Ed Fritsch, Highwood CEO.

$5.4 million (combined sales)

Properties sold: Shade Court and Sunny Lane, East Huntingdon

Seller: Edgewood Association LLC, East Huntingdon

Buyer: DBC Edgewood Manor LP, Marshall Township, Pa.

Details: A 64-unit rental townhouse complex.

Comment: “This is an investment. There is land available for 11 more townhouse units, which we are evaluating whether to construct,” said John M. Hess, member of DBC Edgewood Manor.

$1.3 million

Property sold: 780 Rt. 910, Harmar

Seller: Hawkins Precast Concrete, Pittsburgh

Buyer: Watercrest Holdings LLC, Harmar

Details: Two-story industrial building on 13 acres with numerous overhead cranes.

Comment: “This was a foreclosure sale and the buyer purchased the structure as an investment and less than a fourth of the building is available for leasing,” said Michael Zappa of Baker Young Corp. who represented Hawkins.

TOP DOLLAR HOMES

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

$710,000

Property: Collier

Seller: William K. and Denise M. Brown

Buyer: Ryan and Elizabeth Purpura

Details: Georgian colonial on 7th fairway at Nevillewood, eat-in kitchen opens to family room, fifth bedroom on third floor, two staircases, lower level with club-sized wet bar, covered porch, mud room/laundry main level.

Comment: “Buyers loved the abundance of space (four finished levels) for their growing family, how well home was maintained, great location, and incredible view of golf course,” said Sydnie Jones, Coldwell Banker

$597,500

Property: Pine

Seller: James and Marene Collins

Buyers: Steven and Shelly Boyle

Details: Brick Provincial, rich wood flooring, breakfast room, family room, walk-out to deck, in-ground heated pool, extra high ceilings in living room.

Comment: “The buyer was attracted to the lovely neighborhood and beautifully maintained homes, the in-ground swimming pool, the Pine-Richland school district and home on a cul-de-sac,” said Linda Honeywill, Prudential Preferred Realty.

$525,000

Property: Shadyside

Seller: Joseph Couvillion

Buyer: Leigh and Kyle Eastman

Details: Brick Victorian with period details but modern updates. Newer kitchen with open floor plan throughout first floor, stained glass windows, laundry on second floor, two-car garage, private back patio.

Comment: “Buyers love Shadyside location. Had been renting in the neighborhood and love convenience to walk to Walnut Street, Eastside, South Highland and shops and restaurants on Ellsworth Avenue,” said Maria DePasquale, Coldwell Banker.

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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