| Business

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

Top commercial, residential real estate deals of the week

Email Newsletters

Sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By Sam Spatter
Saturday, Jan. 12, 2013, 8:56 p.m.


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

$37 million

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.

$1.5 million

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.


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

$1 million

Property: Adams

Seller: Barefoot Qualified Personal Residence

Buyer: Donald and Bonita Melonio

Details: Two-story Provincial with five bedrooms 4 12 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.


Property: Cranberry

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.


Property: Adams

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

Subscribe today! Click here for our subscription offers.



Show commenting policy

Most-Read Stories

  1. Web-savvy terrorists have success luring U.S. recruits with social media
  2. North Side toymaker Digital Dream Labs starts strong in 1st holiday season
  3. Pirates showing interest in starting pitcher Masterson
  4. Pitt’s surge goes for naught as No. 11 Purdue prevails
  5. Mt. Pleasant Area School Board puts limit on taxes for 2016-17
  6. Monessen Civic Center to host ‘Christmas Show’
  7. Stylish, inexpensive dress takes television newsrooms by storm
  8. Automakers feast on deals in November
  9. Pittsburgh City Council advances $1M study of buildings
  10. Believe in Connellsville contest begins
  11. Overseas data, financial shares lead stocks to strong December start