DEALSOF THE WEEK A quick …
By Sam Spatter
Published: Saturday, November 3, 2012, 9:04 p.m.
Updated: Tuesday, February 19, 2013
DEALSOF THE WEEK
A quick look at recent retail, commercial and industrial projects, sales and leases of note in Western Pennsylvania:
Property sold: 45 S. 23rd St., South Side
Seller: Typecraft Properties LLC, Richmond, Va.
Buyer: RJ Equities LP, Pittsburgh
Details: Buyer plans upgrade of building into 17,000 square feet of office space, improve 23rd street appearance, use warehouse for parking.
Comment: “We will rename the site to River Park Commons 3, which is located half-a-block from our River Park Commons 1 and 2,” said Ron Tarquino, managing member of RJ Equities.
Property sold: 8400 Presto-Sygan Rd., South Fayette
Seller: Newbury Development Associates LP, Pittsburgh
Buyer: Hardy Investment Associates Ltd., Eighty Four, Pa.
Details: Acquired new showroom building containing 30,000 square feet, plus land for four “T” sheds, with a rail spur.
Comment: “In exchange, we purchased 84 Lumber's showroom on Rt. 50 (for $918,801), which we will demolish and improve the entrance from Rt. 50 into Newbury,” said Brett Malky, of EQA Landmark, the developer.
Property sold: EverGreene Technology Park, Waynesburg
Seller: Greene County Industrial Development, Waynesburg
Buyer: R.J. Johnson Co., Washington, Pa.
Details: Acquired 7.2-acre site within the technology park for a new building containing a warehouse and office space, which will be the third building in the park.
Comment: “We hope to begin construction before end of the year on the structure, which will be used to house shop equipment, retrofit machinery and provide a office space for personnel,” said Marc Pugliese, Johnson assistant project manager.
TOP DOLLAR HOMES
Recent home and condominium sales that brought top prices in Western Pennsylvania:
Seller: Gregory Peaslee
Buyer: David and Jean Becktel
Details: Brick provincial with master suite with new carpeting, first-floor hardwood floors, lower level with a media room, great room, private brick yard with large deck, first floor laundry.
Comment: “The buyers liked the home on a private setting on a cul-de-sac, house was updated throughout and has theater room in the lower level,” said Terry Lloyd, Howard Hanna Real Estate.
Property: Squirrel Hill
Seller: Cheryl and Tom Irr
Buyer: SungWha Ch and Shirley Sanghee Yoo
Details: Condominium in open Contempory style, first floor with 2,142 square feet and 10-foot ceilings, and balcony; building has upscale exercise room and is pet friendly.
Comment: “The buyer immediately placed an offer on the unit, which has three bedrooms, 2 1//2-baths. Buyer liked top of line appliances, laundry and storage area,” said Ginger Merkow, Howard Hanna Real Estate.
Seller: James T. and Karen U. Primm
Buyer: Brett and Wanda Leigh Stephanoio
Details: Two-story Colonial on cul de sac, casual dining area, sunroom, office, first-floor laundry, gameroom, media room plus pool table, front porch and three-car attached garage.
Comment: “Buyers loved the panoramic views, the open floor plan and grand gameroom,” said Bobbi Bonnett, Howard Hanna Real Estate.
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