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Top commercial, residential real estate deals of the week

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By Sam Spatter
Saturday, Oct. 13, 2012, 8:59 p.m.
 

DEALSOF THE WEEK

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

$2 million

Property sold: 301 Center Ave., Leetsdale

Seller: August Properties LP, , Leetsdale

Buyer: Centerside Industrial LP, Leetsdale

Details: Property in the Leetsdale Industrial Park contains two buildings, a total of 55,000 square feet of space, with room for additional structures.

Comment: “Only one site left in our park for a 45,000-square-foot building, and we had the opportunity to purchase this site for additional land development,” said Steve Thomas, owner.

$462,500

Property sold: 200 Woodcliff Drive, Cecil

Seller: Washington County Authority, Washington, Pa.

Buyer: Southpointe 2 W Associates LP (Crossgates Inc.), McMurray

Details: Construction is under way on 45,000-square-foot, three-story office building with opening expected in May 2013. Negotiations are progressing on the lease of the entire second floor and half of first floor. Top floor has been leased to Computer Aid, which has 70 to 80 employees.

Comment: “The project includes investors from Harrisburg who I worked with on a project there,” said Gregg Schwotzer, Crossgates president.

$340,750

Property sold: Woodcliff Dr., Cecil

Seller: Washington County Authority, Washington, Pa.

Buyer: Woodcliff Holdings LLC (Fletcher Industries Inc.), Southpointe

Details: The buyer acquired a 1.8-acre site in the Southpointe II Industrial Park, where construction of a new, 20,000-square building is under way with an opening expected in January. The one-story structure will contain primarily manufacturing space plus offices. Fletcher Industries is a manufacturer and exporter of machinery.

Comment: “We needed more space and decided to build our new headquarters, which will allow us to do larger projects and perhaps add to our current work force of 15,” said David Fletcher, president.

TOP DOLLAR HOMES

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

$747,000

Property: Squirrel Hill

Seller: Brec Associates LLC

Buyer: Eduard Hovy

Details: Mini estate on 34 acre, with nine-foot ceilings, music and media room on main floor, butler pantry, carriage house apartment, four bedrooms all have own bath.

Comment: “The buyer said he liked the house mostly for the challenge of fixing it and making it shine through to its potential. He said the house suffered, but could be stunning,” said Maria DePasquale, selling agent with Leslie Schropp and Rose Staufer, listing agents, all of Coldwell Banker Real Estate.

$680,000

Property: Cranberry

Seller: Joseph and April Tuza

Buyer: Julie Bone

Details: Custom-built brick house has dual furnace and air conditioning units, two-story foyer, large great room, finished walk-out basement with bar and wine rack, beverage frige and wine frige, irrigation system, level driveway and sidewalk.

Comment: “House was a meticulously maintained with everything that the buyers were searching for,” said Mary Hartley, Coldwell Banker Real Estate.

$569,500

Property: Peters

Seller: Denise Shirley

Buyer: Jon & Tara Horton

Details: Colonial-style brick house with five bedrooms, 4 12 baths, log-burning stone fireplace, finished basement with fireplace and kitchenette, three-car garage, yard sprinkler system.

Comment: “Buyers were struck by the beauty of the Sienna Woods community, and their children were excited about an open area behind the home where all the neighborhood kids gather to play together,” said Ovi Manciu of Howard Hanna 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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