davidshoytan: Top commercial, residential real estate deals of the week

By Sam Spatter

Published: Saturday, January 12, 2013, 8:56?p.m.
Updated 1 hour ago

DEALSOF THE WEEK

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

$37 million

Properties sold: 2000 Park Lane Dr., North Fayette.

Seller: Wells REIT II Park Lane Business and Wells REIT II 2000 Park Lane Parcel 19, Norcross, Ga.

Buyer: IX WR 2000 Park Lane Drive LP, (Starwood Capital), Washington DC

Details: Seven-story, 231,213-square-foot office building, in which Cigna Corp. leases 132,985 square feet, plus adjacent vacant 16-acre parcel.

Comment: ?Wells had filed plans to build about a 200-car parking area on the vacant parcel, but has not followed through because of the sale,? said Laura Ludwig, North Fayette community development director.

$1.5 million

Property sold: 7670 McKnight Rd., Ross

Seller: Michael A. Wolcott, Pittsburgh

Buyer: McDonalds USA LLC,, Oak Brook, Ill.

Details: Existing McDonald?s restaurant on a 4.6-acre site.

Comment: ?McDonald?s Corp. had been leasing the property and decided it was time to buy the site,? said Kerry Ford, a McDonald?s spokeswoman.

$4,000 monthly (est.)

Property leased: 2225 Mary St., South Side

Landlord: Berger Investment Group, Pittsburgh

Tenant: Clear Story Inc., Pittsburgh

Details: Leased most of a 30,000-square-foot industrial building.

Comment: ?Clear Story, which has another facility on the South Side, wanted to be closer to that and consolidated its other locations in the region at the new location,? said Ned Shekels of Pennsylvania Commercial Real Estate Inc, who represented the landlord.

TOP DOLLAR HOMES

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

$1 million

Property: Adams

Seller: Barefoot Qualified Personal Residence

Buyer: Donald and Bonita Melonio

Details: Two-story Provincial with five bedrooms 4 1/2 baths, air-conditioning, on cul de sac, has soaring ceilings, four fireplaces, pool area, custom natural hot tub located in lush landscaping.

Comment: ?Buyers purchased home because it was like truly living at a resort. It has neo-classical design, recognized quality and workmanship, beautiful marble and stunning fixtures throughout,? said Kim Marie Angiulli, Coldwell Banker Real Estate.

$590,000

Property: Cranberry

Seller: Denise Novak

Buyer: Latricia and John Heagy

Details: Two-story all-brick Provincial wwith first-floor master bedroom built by the Phillips Builders at Ehrman Farms. Home has covered rear and front porch, heated floors, stainless appliances and wine cooler, three-car garage.

Comment: ?Buyers liked first-floor master bedroom, two-story family room, large breakfast area that opens onto a rear brick covered porch, and its location on cul de sac with view of a lake and wooded common area,? said Maureen Fullerton, Howard Hanna Real Estate.

$575,000

Property: Adams

Seller: John and Susan Foley

Buyer: Brad and Rebecca Mueller

Details: Brick Provincial with hardwood floors, open floor plan with kitchen, dining room, french doors, family room, fireplace, first floor office, finished lower level with exercise room, game room and full bath.

Comment: ?Buyers liked the amenities of Treesdale golf community, the floor plan and room sizes and the backyard,? said Lorraine Easton, Coldwell Banker Real Estate.

Sam Spatter is a staff writer for Trib Total Media. He can be reached at 412-320-7843 or sspatter@tribweb.com.