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Top commercial, residential real estate deals of the week — April 13


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Saturday, April 12, 2014, 9:00 p.m.
 

DEALS OF THE WEEK

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

$1.289 million

Property: Duquesne Boulevard, Duquesne

Seller: Union Railroad Co. (U.S. Steel Corp.), Pittsburgh

Buyer: Dura Bond Coating Inc., Export, Pa.

Details: A 55-acre site where Dura Bond has its 55,000-square foot plant, which provides coating to pipes used in shale gas drilling operations to prevent corrosion; staffed by about 80

Comment: “When we built our new plant on land owned by both RIDC and the Union Railroad, we had an option to purchase the property, which we decided to exercise,” said Dura Bond President Wayne Norris.

$1.745 million

Property: 900 Regis Ave., West Mifflin

Seller: Tech One Associates LP

Buyer: Regis Holdings LLC, West Mifflin

Details: The property had been the rental home of Sturman & Larkin Ford since 1980. The company plans to remain and make about $3.8 million in improvements, such as adding a drive-in, an improved customer waiting area and a showroom.

Comment: “We have tried over the years to purchase the property and finally were successful. Our plans are to remain a pillar in the community and make improvements to our facility,” said co-owner Michael Larkin.

$915,000

Property sold: 1900 Lincoln Highway, North Versailles

Seller: N. Versailles Realty Partners LLC., Edison, N.J.

Buyer: 1900 Lincoln Partners LP

Details: A Popeye's restaurant with a long term lease

Comment: “The buyer is a private investor who plans to continue using the property as an investment,” said Edward Jaten of Jaten Real Estate Trust LLC, one of the sellers.

TOP DOLLAR HOMES

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

$525,000

Property: Adams Township

Seller: Chris and Sandy Daly

Buyer: Aurora Violi and William Kearns

Details: Ranch-style Provincial that overlooks Glade Run Creek. Cathedral ceilings, many windows and glass doors. Panoramic view of the woods and water from a deck. Kitchen with Hickory cabinets that is open to a family room with a stone fireplace. Barn has water and electricity.

Comment: “Buyers loved the stream on the property and the 2,400-square-foot deck overlooking it and the barn on the property. Also loved the open floor plan and quiet serenity of the location,” said Debi Platts of Coldwell Banker Real Estate.

$450,000

Property: Mt. Lebanon

Seller: Mark G. Houmis

Buyer: Jamie Harshman

Details: Two-level brick contemporary with an open floor plan, kitchen wine cooler, radiant-heated tile floor on first floor, Home features White Oak hardwood floors, Emtek satin nickel hardware, granite in all bathrooms, remote controlled skylights, sound and security systems and heated garage.

Comment: “The buyer wanted the amenities of a newer home while having the opportunity to be in the community of Mt. Lebanon. The buyer appreciated the custom design and workmanship the home offered as well,” said Deborah Dattalo of Howard Hanna Real Estate.

$450,000

Property: Cranberry Township

Seller: Kevin Wolniak

Buyer: Thomas and Amy Crawford

Details: Two-story brick Provincial with open foyer, den with judges paneling, first floor laundry. Kitchen flows into sunroom, raised hearth fireplace, Palladian windows, bath with whirlpool, separate showers, finished lower level with full bath, underground sprinkler system, level driveway and backyard.

Comment: “The buyers were impressed with the square footage, all-brick exterior, the sunroom and the level, treed backyard,” said Chris Lange of Coldwell Banker Real Estate

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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