ShareThis Page
Top commericial, residential real estate deals of the week |

Top commericial, residential real estate deals of the week

Craig Smith
| Saturday, February 8, 2014 9:00 p.m


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


Property sold: 2055 Washington Pike, Heidelberg

Seller: BRL Orangeburg Properties LLC, Pittsburgh

Buyer: MMWG Heidelberg LLC, Pittsburgh

Details: A 14,580-square-foot Walgreen’s store

Comment: “Given several prevailing market factors, we were presented with the opportunity to execute this transaction in which we were able to sell a high quality asset at a hefty profit, and reposition our capital into another high quality property,” said Daniel N. Farber, principal at H. Lipsitz Companies, Pittsburgh.

$1.77 million

Properties sold: 4326 Northern Pike Road for $920,001 and 4328 Northern Pike Rd. $850,001, both in Monroeville

Seller: Monroeville Hospice Center Inc.. Monroeville

Buyer: First Commonwealth Bank, Indiana, Pa.

Details: Contains single-story and two-story medical office buildings with one or two other medical-style offices within them

Comment: “We are in the process of marketing the properties for sale, with the goal of identifying an appropriate investor or developer,” said Rich Stimel, First Commonwealth’s vice president of corporate communications.


Property leased: 3800 block of South Water Street, South Side

Owner: Rivertech Office Works, Pittsburgh

Tenant: University of Pittsburgh Department of Sports Medicine and Nutrition

Details: Ten-year lease of 11,667 square feet of office and lab space, beginning Jan. 1, 2015. The department leases 7,790 square feet in two buildings there.

Comment: “The increased space reflects the continued growth in research funding that the department has experienced. The department currently receives $44.2 million in research funding and additional growth is expected,” according to a news release from the University of Pittsburgh.


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


Property: Marshall

Seller: Pitell Contracting

Buyer: Renee Flanagan

Details: Brick and stone Provincial with two-story entry foyer, turned staircase, dual balconies, formal living and dining rooms, first-floor den, two-story great room, fireplace, breakfast nook, guest suite with full bath.

Comment: “Buyer loved this newly constructed home in top rated North Allegheny School District with a level backyard, walkout basement, huge kitchen, two-story family room and three-car garage,” said Kevin Mihm of Coldwell Banker Real Estate.


Property: Shadyside

Seller: Steward B. Barmen, trustee, Ellie Turk Barmen Trust

Buyer: Georgia Hernandez, trustee, Georgia C. Hernandez Trust

Details: Unit in the Metropolitan has contemporary flare, open floor plan, fireplace, den, huge closets, whole-house sound system, state-of-the-art kitchen, balcony. Building amenities include gym, storage locker, landscaped garden with waterfall, guest suite, party room, 24-hour security.

Comment: “The buyer loved everything about the unit — the decor, the finishes — and the amenities of the building,” said Roz Neiman of Howard Hanna Real Estate.


Property: Highland Park

Seller: Jerry Louder

Buyer: Tobias Teichert and Susanne Ahmari

Details: Three-story Victorian has been restored to original footprint of a Highland Park home. It has beautiful woodwork and crown moldings, hardwood floors throughout, pocket doors, stained and leaded glass, zoned heating and air-conditioning.

Comment: “The buyers loved the fact that it was 206 years old and had been lovingly restored to its original splendor with such improvements as zoned heating and air-conditioning, jetted tub, high-efficiency appliances, while features such as built-in china cabinets, pocket doors and stained and glass were still impact,” said Nancy R. Wright of Re/Max Realty Brokers.

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

Categories: News
TribLIVE commenting policy

You are solely responsible for your comments and by using 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.