Top commercial, residential real estate deals of the week
DEALSOF THE WEEK
Properties sold: 2000 Park Lane Dr., North Fayette.
Seller: Wells REIT II Park Lane Business and Wells REIT II 2000 Park Lane Parcel 19, Norcross, Ga.
Buyer: IX WR 2000 Park Lane Drive LP, (Starwood Capital), Washington DC
Details: Seven-story, 231,213-square-foot office building, in which Cigna Corp. leases 132,985 square feet, plus adjacent vacant 16-acre parcel.
Comment: “Wells had filed plans to build about a 200-car parking area on the vacant parcel, but has not followed through because of the sale,” said Laura Ludwig, North Fayette community development director.
Property sold: 7670 McKnight Rd., Ross
Seller: Michael A. Wolcott, Pittsburgh
Buyer: McDonalds USA LLC,, Oak Brook, Ill.
Details: Existing McDonald's restaurant on a 4.6-acre site.
Comment: “McDonald's Corp. had been leasing the property and decided it was time to buy the site,” said Kerry Ford, a McDonald's spokeswoman.
$4,000 monthly (est.)
Property leased: 2225 Mary St., South Side
Landlord: Berger Investment Group, Pittsburgh
Tenant: Clear Story Inc., Pittsburgh
Details: Leased most of a 30,000-square-foot industrial building.
Comment: “Clear Story, which has another facility on the South Side, wanted to be closer to that and consolidated its other locations in the region at the new location,” said Ned Shekels of Pennsylvania Commercial Real Estate Inc, who represented the landlord.
TOP DOLLAR HOMES
Seller: Barefoot Qualified Personal Residence
Buyer: Donald and Bonita Melonio
Details: Two-story Provincial with five bedrooms 4 1⁄2 baths, air-conditioning, on cul de sac, has soaring ceilings, four fireplaces, pool area, custom natural hot tub located in lush landscaping.
Comment: “Buyers purchased home because it was like truly living at a resort. It has neo-classical design, recognized quality and workmanship, beautiful marble and stunning fixtures throughout,” said Kim Marie Angiulli, Coldwell Banker Real Estate.
Seller: Denise Novak
Buyer: Latricia and John Heagy
Details: Two-story all-brick Provincial wwith first-floor master bedroom built by the Phillips Builders at Ehrman Farms. Home has covered rear and front porch, heated floors, stainless appliances and wine cooler, three-car garage.
Comment: “Buyers liked first-floor master bedroom, two-story family room, large breakfast area that opens onto a rear brick covered porch, and its location on cul de sac with view of a lake and wooded common area,” said Maureen Fullerton, Howard Hanna Real Estate.
Seller: John and Susan Foley
Buyer: Brad and Rebecca Mueller
Details: Brick Provincial with hardwood floors, open floor plan with kitchen, dining room, french doors, family room, fireplace, first floor office, finished lower level with exercise room, game room and full bath.
Comment: “Buyers liked the amenities of Treesdale golf community, the floor plan and room sizes and the backyard,” said Lorraine Easton, Coldwell Banker Real Estate.
Sam Spatter is a staff writer for Trib Total Media. He can be reached at 412-320-7843 or firstname.lastname@example.org.
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.
- Rossi: After L.A., NFL should tread carefully
- Acme man’s ephemeral sculptures appear to defy laws of physics
- Starter Liriano strikes out 12, leads Pirates to series sweep of Mets
- Kennywood fanatic, 82, rides Jack Rabbit 95 times in a row
- Oncologists wary of scaled-back guidelines in cancer screenings
- Early success in White House race a pleasant surprise for Carson
- Neighbor arrested after McKeesport house fire, authorities say
- Cochran repair center planned in Harrison
- A family’s flag flies again in Mt. Pleasant
- Memorial Day service in National Cemetery of the Alleghenies still growing
- Motorcyclist killed after striking pole in Penn Township