Real Estate Notes
• UPMC is expanding at Bakery Square, and eventually its Technology Development Center will occupy the entire second floor. Starting with 31,000 square feet, UPMC has an option to expand to 48,000 square feet. UPMC has 63 employees there with16 positions open, from five to 10 external contractors and from five to 10 partners working in its space. "We expect to continue to grow our team and expand our numbers of partners as we continue our commitment to innovation -- transforming the way we deliver health care through innovative technology solutions," spokeswoman Wendy Zellner said.
• The recent sale by Frisch's Restaurants Inc. of Golden Corral, including the Uniontown and Monroeville facilities, to NRD Holdings LLC of Atlanta has been cancelled after Golden Corral Franchising Systems Inc. exercised its right of first refusal to purchase substantially all of Frisch's Corral operations and real estate. Involved were restaurants in Pennsylvania, Ohio, Indiana, Kentucky and West Virginia. Terms will be disclosed May 29.
• More than 20 homeowners in the Princeton Park and Park Triangle areas will benefit from a decision by three nonprofit groups to form the Wilkinsburg Affordable Housing Coalition and provide renovation assistance. The groups -- Rebuilding Together Pittsburgh, Habitat for Humanity of Greater Pittsburgh and Wilkinsburg Christian Housing -- will work under the Wilkinsburg Community Development Corp. Homeowners, previously served through Rebuilding's Volunteer Renovation Program, will receive new fascia, gutter, siding and paint from Habitat. Peoples Natural Gas has provided a $20,000 grant.
• Forbes Center Realty LLC and Forbes Corporate Center LLC, owners of a 6.7-acre site at the corner of Washington Boulevard and Frankstown Avenue in Pittsburgh's East End, will seek approval of the City Planning Commission to change zoning from educational/medical institution district to urban industrial district. The zoning change would eliminate the need for a master plan for the site. Red Swing Consulting Services LLC will seek a zoning change for property bounded by Marlow Street, Paula and Comstock Ways and the West End Overlook for construction of four townhouse units. The hearings will be held on Tuesday in the first floor, 200 Ross St., Downtown, starting at 2 p.m.
•Three neighborhoods have received grants from the Community Design Center of Pittsburgh. The Fineview Citizen's Council will proceed with the Henderson Street Gateway Project and the Central Northside area. Morningside Area Community Council received $7,000 to begin a landscape design plan for Heth and Natoli athletic fields. Lawrenceville Corp. funding is for a project in the Upper Lawrenceville area bounded by Stanton Avenue, Butler Street and 55th Street.
DEALS OF THE WEEK
A quick look at recent retail, commercial and industrial projects, sales and leases of note in Western Pennsylvania:
Property sold: 425 Sixth Ave., Downtown
Seller: First Commonwealth Bank, Indiana, Pa.
Buyer: PMC 425 Sixth Avenue Associates LP, Philadelphia
Details: The 31-story Regional Enterprise Tower, Allegheny HYP Club at 617 William Penn Place, and vacant building at 16 Montour Way.
Comment: "We are focusing our plans on converting the tower into a combination residential-office building, allowing the other properties to continue in their present state," said Jerald Novick, vice president and general counsel.
Property sold: Georgetowne Drive, Franklin Park
Seller: LSREF Summer REO Trust 2009, New York
Buyer: Concordia Lutheran Ministries of Pittsburgh, Cabot, Pa.
Details: Concordia of Franklin Park, formerly Pristine Pines of Franklin Park, is a 56-unit personal care facility with 40 employees.
Comment: "We are pleased to add this new facility to our continuum of care and look forward to serving our new family of residents," said CEO Keith Frndak.
Property sold: 612 William Mark Drive, Munhall
Seller: Center Associates Realty Corp., Pittsburgh
Buyer: Gordon Real Estate Co. Inc., Pittsburgh
Details: Munhall Square II, a 37,720-square-foot retail center, is fully leased.
Comment: "The seller sold to redeploy equity. The buyer saw it as a good investment anchored by Big Lots, an investment-grade tenant," said Craig Fuller. He, Scott Wiles and Erin Patton, of Marcus Millichap, represented the seller.
Recent home and condominium sales that brought top prices in Western Pennsylvania.
Property sold: Mt. Washington
Seller: Thomas B. Grealish, Pittsburgh
Buyer: EES Property, Texas
Details: Two-story condomium features two-story glass wall view of Downtown, hardwood floors, wine closet, gourmet kitchen with island opens to wet bar.
Comment: "The buyer was knocked out by the view of the lights of the city and liked the two guest bedrooms, a first-floor den with built-ins, and the elevator opens into the unit. A Pittsburgh native, now in Texas, he plans to use unit for himself and family when he visits here," said Lori Hummel, Howard Hanna Real Estate.
Seller: Michael Travis
Buyers: Michael and Lisa Germano
Details: Victorian, new master suite, den, two-car detached garage
Comment: "The buyers liked the charm, character and gorgeous hardwood floors throughout the house and its proximity to Walnut Street shopping and restaurants," said Andrea Ehrenreich, Howard Hanna Real Estate.
Property:, Connoquenessing Township
Seller: Christine Williamson
Buyer: Chad and Amy Rensel
Details: Colonial, 12 years old, private wooded level lot on cul-de-sac, family room with fireplace, open loft den at top of stairs, walkout basement, master bedroom with walk-in closet.
Comment: "The buyers liked the community with a home in a quiet rural setting but close to Cranberry Township," said Fred Solman, Northwood Realty Services.