Deals of the Week
A quick look at recent retail, commercial and industrial projects, sales and leases of note in Western Pennsylvania:
Property sold: 100 Vista Circle, O'Hara
Seller: Zambrano Condominium Associates LP (via Sheriff Sale), Pittsburgh
Buyer: Chapel Pointe Condominiums LP, a unit of Shaner Capital, State College, Pa.
Details: The buyer will spend $10 million for renovation of 48 unfinished units of the former Marbella at Chapel Harbor Condominium.
Comment: “We have renamed the building as Chapel Pointe, and through Lori Hummel of Howard Hanna Real Estate, are currently having success in preselling the units, priced from the mid-$300,000s to mid-$600,000s, with an opening in third quarter 2013,” said Eddie Lauth of Shaner Capital.
Property sold: Hull Street, Rochester, Beaver County
Seller: Castlebrook Property Assets LLC, Pittsburgh
Buyer: Rochester Med LLC, Burlingame, Calif.
Details: A three-story, 29,000-square-foot medical office building, completely leased.
Comment: “It was time to sell, and the price was right,” said Pat Nardelli, Castlebrook founder.
Property sold: 1615 Golden Mile Highway, Monroeville
Seller: Parker Realty Partners LP, Monroeville
Buyer: Roundhouse Property Holdings LP, Monroeville.
Details: Vacant building on 6.15 acres.
Comment: “We plan to relocate our 62 employees in May from our leased facilities in Monroeville to the building where we will have our light manufacturing facility,” said Dale Chandler, CFO of Roundhouse.
TOP DOLLAR HOMES
Seller: John F. Bitzer Jr. trustee
Buyer: Robert and Debra Ladley
Details: A custom-build Colonial, first-floor master suite, elevator, valuted ceilings, stone fireplaces, purification systems, screened porch, his/her offices, finished gameroom.
Comment: “Buyers loved the home with its 10-acre lot and fabulous views, in close proximity to the horse/boarding stables,” said Jane Herrmann, Prudential Preferred Realty.
Property: Fox Chapel
Seller: David and Natalie Curry
Buyers: James and Tricia McCormick
Details: Painted white brick Colonial, with governor's driveway, hardwood entry, large living room with window seats, enclosed porch overlooks gardens, den with bookshelves, kitchen with sloped ceiling and skylights.
Comment: “Sold in short time because of its location, on nearly an acre of level land, has two fireplaces and great view of private back yard and gardens from breakfast room addition,” said Bunny Woolf, listing agent with Prudential Preferred Realty. Trudy Ward of Howard Hanna Real Estate was the selling agent.
Property: Adams Township
Seller: Jarett Catanzaro
Buyers: Michael and Julie Heck
Details: Brick-stone house with stacked stone columns, covered entry, peachtree windows, extended breakfast area, built-in den, private junior suite, has underground sprinklers.
Comment: “Buyers were sold on having golf course views from front and back of home, and liked all brick house with cement roof and four-car garage,” said Chris Lange, Coldwell Banker Real Estate.
Sam Spatter is a staff writer for Trib Total Media. He can be reached at 412-320-7843 or email@example.com.