Top commercial, residential real estate deals of the week
By Sam Spatter
Published: Saturday, Nov. 17, 2012, 8:57 p.m.
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 firstname.lastname@example.org.
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