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Real estate notes: McCandless Crossing getting crowded

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By Sam Spatter
Saturday, April 12, 2014, 9:00 p.m.
 

• Activity at McCandless Crossing, McCandless, has picked up since the weather broke, with Dick's Sporting Goods opening a 45,000-square-foot store, HomeGoods next door with 25,000 square feet, Cinemark's 12 screens occupying another 45,000 square feet, and Trader Joe's 11,500 square feet under construction with a fall opening planned. Handel's of McCandless, also in the complex, is now owned by members of the AdVenture Development team, Kevin Dougherty, his father Ed, and Bob McGurk, who is in charge of development.

• Construction of the Concorde, a one-story, 60,256-square-foot spec office building, is under way on an 8.3-acre site at 400 Industry Drive, RIDC West Industrial Park near Pittsburgh International Airport. Developed by Burns & Scalo Real Estate Services, the structure will have masonry, metal panel and glass facade. Parking is being provided and will be on three of the four sides of the building. Vertical construction should begin the first week of May, with the core and shell of the building expected to be completed in September. A groundbreaking ceremony is scheduled for May 22.

• Phase II in the Bloomfield-Garfield Corp.'s Garfield Glen rental housing project, bolstered by a $406,237 federal low-income housing tax credit from the Pennsylvania Housing Finance Agency, is expected to generate the financing necessary to acquire 36 relatively blighted lots and dwellings and replace them with 19 lease-purchase town homes or detached houses. The acquisition is expected to be completed by July, with construction starting in February. Initial occupancy should begin in October 2015. This is the second phase of Garfield Glen, where S&A Homes, participating with the corporation, constructed 45 units. The homes must remain as affordable rental housing for 15 years, after which they can be converted to owner-occupied housing.

• Cohen Seglias Pallas Greenhall & Furman PC, a Philadelphia-based law firm, has leased 6,340 square feet of Class A office space at 525 William Penn Place, Downtown. The company, with offices in New York, New Jersey, Maryland, Delaware and West Virginia, works with clients in a variety of occupations, including construction and real estate. Jack Donahue of Donahue Real Estate Advisors represented the tenant, and Jason Stewart and Jeffrey Adams of JLL, the owner, BNY Mellon.

• A late May occupancy is anticipated by Lifting Gear Hire Corp. of Illinois for its new 25,000-square-foot warehouse building at Starpointe, adjacent to the Hormann building, said Tony Fiscelli, Lifting Gear president. The company, which has been in the region for eight years in leased facilities, provides lifting and rigging equipment to mechanical engineers, electrical contractors and others in the construction industries. It has about four employees but may add more in the future.

• A number of local commercial real estate brokers were among the dual winners at the recent annual awards luncheon held by the Western Pennsylvania chapter of the Society of Industrial and Office Realtors. Gary Wilson and Amy Bracato, both of Langholz Wilson Ellis, shared the honors for Most Creative Deal of the Year and Office Sale of the Year; Lou Oliva of Newmark Grubb Knight Frank shared Land Sale of the Year and Investment Sale of the Year — Industrial and Investment Sale of the Year — Office; and Brandon Snyder of Avison Young shared Industrial Lease of the Year and Most Creative Deal of the Year. Single winners were Office Lease of the Year — CBD, Paul Horan and Edward Lawrence of Colliers International/Pittsburgh with David Koch and Patrick Gruden, CBRE; Office Lease of the Year — Suburban, Michael Swisher of Horizon Properties and Gerry McLaughlin, Newmark Grubb, Knight Frank; Industrial Lease of the Year, Patrick Tracy, Colliers International/Pittsburgh; Industrial Sale of the Year, Robert Blackmore, CBRE, and Sanford Pollock, Pollock Real Estate; and SIOR Co-broker of the Year, Dan Adamski and Nick Francic of JLL. Art McAuley of PWA Real Estate, shoared Investment Sale of the Year — Office with Lou Oliva.

• Zoup!, the Michigan-based fast-casual soup company, has opened its first Western Pennsylvania restaurant in the new Town Center at 1900 Main St., Suite 111, in Southpointe II. Besides soup, which comes with freshly baked bread, the menu includes salads and sandwiches.

—Sam Spatter

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