Top commercial, residential real estate deals of the week
DEALSOF THE WEEK
Property sold: 280 New Castle Rd., Butler
Seller: Oakland Real Properties Inc., Cleveland
Buyer: Crosstown Butler 280 LLC, New York
Details: The buyer acquired the land, where a Walgreen's store is located, from Oakland and the tenant lease from RBB Properties LLC, Lynn Haven, Fla.
Comment: “This was a combination deal with the buyer acquiring both the land and tenant leases,” said Charles Ripepi, CFO, Garland Co., Cleveland, which handled the sale.
Property sold: 1654 W. State St., Economy, Beaver County
Seller: Estate of Dr. Edwin Boal, Florida
Buyer: Wal-Mart Corp., Bentonville, Ark.
Details: The buyer acquired a 229.5-acre site behind the Northern Lights Shopping Center in Economy and plans to build a 155,000-square-foot Super Wal-Mart.
Comment: “Construction has started on a $40 million Wal-Mart which is expected to opened before the end of the year. The company will hire about 440 and build a $3 million road to service the store,” said Ecomony Mayor David Poling
Property sold: 942 Penn Ave., Downtown
Seller: Robert and Norma Jean Trombino, Pittsburgh
Buyer: Nicholas Penn Avenue LLC, Pittsburgh
Details: Sale of the two-story former Trombino Piano Galleries building.
Comment: “Plan is to construct a third-level roof deck for a new restaurant, with a tenant leasing the property,” said Nick Nicholas, Pittsburgh investor, who will be the landlord.
TOP DOLLAR HOMES
Seller: Alen and Leslie Hamilton
Buyer: Michael and Cassandra Segura
Details: Brick Provincial with pillared driveway, two-story entry, butler pantry, glass doors, cathedral skylight, sunken sun room with two-sided stone fireplace, and playroom off third bedroom.
Comment: “Buyer needed the five/six bedroom option, and liked raised ceilings and upscale finishes, the cathedral morning room with two-sided fireplace and sitting room with fireplace in master suite, and the covered rear deck,” said Karen Marshall, Keller Williams Realty.
Property: Squirrel Hill
Seller: Mayer and Joyce Arnowitz
Buyer: Kevin and Rachel Mollen
Details: Tudor-style with marble entry and staircase leading to six bedrooms and four baths. Master bedroom has vaulted barreled ceilings, living and dining rooms, omni stone driveway and patio, electric gates to garage.
Comment: “The buyers liked the wonderful family room and the location of the home,” said Tamara Skirboll, Coldwell Banker Real Estate.
Seller: Michael and Laura Kennedy
Buyer: George and Jayne Lemon
Details: Two-story Provincial with two-story foyer, great room with bridge, open to sundrenched hearthroom, has backlit tray ceiling, covered rear deck, three-car garage.
Comment: “Buyers liked the custom-built house offering first-floor living, beautiful kitchen boasting granite tops and stainless appliances, open to a morning room with custom built-ins and a gas fireplace,” said Jim Dolanch, Century 21 Frontier Realty.
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.
- McCullers’, McLendon’s prowess in clogging trenches crucial to Steelers defense
- Rossi: Looking at the next great Steeler
- Steelers swap draft pick for Eagles cornerback
- Penguins not alone in top-heavy approach to salary cap
- After early criticism, Haley has Steelers offense poised to be even better
- Reds solve Cole, stave off Pirates’ 9th-inning rally
- Pirates notebook: New acquisition Happ more than happy to fill spot in rotation
- Shell shovels millions into proposed Beaver County plant site
- Starting 9: Examining Pirates’ deadline decisions
- Biertempfel: Players, MLB agree logic of season’s setup needs to be examined
- Rainy summer delays paving projects in New Kensington