Top commercial, residential real estate deals of the week
DEALSOF THE WEEK
A quick look at recent retail, commercial and industrial projects, sales and leases of note in Western Pennsylvania:
Property sold: Summit Ridge (Plaza) Shopping Center
Seller: Hauck Holdings, Mt. Pleasant LLC, Cincinnati, Ohio
Buyer: Slate Properties (SUSO 1 Summit Ridge LP), Toronto, Canada
Details: A shopping center on State Rt. 819, with 13 retailers, plus a WalMart.
Comment: “Slate, which owns two other properties in the region, has been looking for another investment property for the past 18 months,” said Joe Patek, managing asset services, CBRE Group Inc.
Property sold: 305 Church Rd., Bethel Park
Seller: Bethel Ice Associates (Kratsa Properties), Harmar
Buyer: YMCA of Greater Pittsburgh
Details: Facility used for ice hockey.
Comment: “Initially, we will continue the ice hockey rinks until March 2014, at which time we will close one rink and convert that area into a full service YMCA called Spencer Family YMCA,” said Rig Riggins, YMCA president and CEO
$1.68 million lease
Property leased: 615 E. Butler Rd., Summit Twp., Butler County
Landlord: East Butler Holdings Ltd., Zelienople
Tenant: Carter Lumber Co., Kent, Ohio
Details: A 154,000-square-foot warehouse and 6,000-square-foot office, to be used for lumber sales and distribution, employing from 10 to 15.
Comment: “Carter Lumber has stores in the Meadowlands and New Castle and this location will handle sales and distribution on a larger scale throughout Western Pennsylvania,” said Hal Martin, Howard Hanna Commercial Real Estate, who represented the tenant. Scott Long of Pennsylvania Commercial, represented the landlord.
TOP DOLLAR HOMES
Recent home and condominium sales that brought top prices in Western Pennsylvania:
Property: Squirrel Hill
Seller: Larissa Myaskovsky and Russell Goldstein
Buyer: Micheal and Michelle Boisen
Details: Custom-built Tudor in Summerset at Frick Park, exposed wood floors, island kitchen with zodiac counters, family room with gas log fireplace, master suite with jet tub, covered rear porch, bonus room over attached garage.
Comment: “Buyers liked the house as soon as they saw it. Liked open floor plan with island kitchen, plus bonus room, ideal for parents when visiting,” said Sandy Goldstein, Keller Williams Real Estate Professionals.
Seller: Fear Itself LLC
Buyer: Jennifer Chennat
Details: End unit of four Colonial-style townhomes with a 10-foot ceiling on first floor, whirlpool, and 9-by-14 foot roof deck.
Comment: “Buyer, along with three others who purchased the four new houses, were drawn to new construction in Shadyside by Heartland Homes who did quality work,” said Marie Pace, Howard Hanna Real Estate.
Seller: Lloyd and Barbara Kaiser
Buyer: Phillip and Carol Fraley
Details: Cape Cod-style house with perennial gardens surrounding it, next to Oakmont Country Club, has hand-carved Italian marble fireplace mantles, oval master bedroom addition created by Venetian craftsman, French doors, center ceiling medallion.
Comment: “Buyers liked that property was architect-designed and built that included extensive gardens, with plans to make necessary upgrades and solve maintenance issues,” said Susie Nicholas, Howard Hanna Real Estate.
Sam Spatter is a staff writer for Trib Total Media. He can be reached at 412-320-7843 or email@example.com.
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.
- Former pitcher Allie happily adjusting to outfield
- Pirates chase Mets’ Harvey early in rout
- Hempfield train crash search called off; no evidence found
- Coroners, organ harvesting group spar over procurement process
- Ex-Baldwin, Pitt star Pinkston not giving up on NFL dream
- Book details secret to Pirates’ turnaround
- Pa. gaming industry’s growth amplifies siren call for addicts
- Biertempfel: Despite Marte’s inconsistency, Pirates’ Hurdle keeping faith
- Hempfield pair caught in vehicle scam
- Good season predicted for region’s boaters
- Going the distance no longer part of the game