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Top residential, commercial real estate deals of the week — Nov. 9 | TribLIVE.com
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Top residential, commercial real estate deals of the week — Nov. 9

Tribune-Review
| Saturday, November 8, 2014 9:00 p.m

$15.4 million

Property leased: 2000 Park Lane, North Fayette

Owner: Starwood Capital Group

Tenant: Cabot Oil & Gas

Details: Company relocated from 44,000 square feet in 5 Penn Center West into 56,447 square feet in a 191,600-square-foot building. Its employment has grown close to 90, but it also provides office space for several dozen contractors who work with it, plus other contractors.

Comment: “We’re in a growth spot where we need additional space, and we expanded in Western Pennsylvania because of the work ethics of the workers and the talent pool we found here,” said George Stark, Cabot spokesman.

$2.5 million

Property: 4685 William Penn Highway, Monroeville

Seller: Ethan Allen Retail Inc.

Buyer: BT Management LLC, Altoona

Details: One-story Ethan Allen store, on about 2.1 acres, which will relocate to The Waterfront in Homestead.

Comment: “This will be the new location for a Sheetz store,” said Bruce Thaler, managing member.

$440,000 ($220,000 each)

Property: 2325 and 2331 Brownsville Road, Carrick

Seller: RLS Brownsville LLC Pittsburgh

Buyer: Salman Zwaier and wife, Jinan Hassan

Details: Acquired two three-story, six units in each apartment buildings

Comment: “We will do some light cleaning and updating at this time at both apartments,” Zwaier said.

$925,000

Property: Squirrel Hill

Seller: Marilyn and James Waters

Buyer: Theresa and Kevin Kramer

Details: Brick three-plus story classic revival home with large center hall, sweeping staircase, butler’s pantry, covered portico, stained glass windows, walk-in closets and dressing suite, beamed ceilings.

Comment: “Buyer always resided in newer construction homes but was attracted to many classic features of this 114-year-old, solidly constructed beauty that had been updated and well-maintained,” said Linda DiBucci, Coldwell Banker Real Estate.

$675,000

Property: Shadyside

Seller: Robert Freyer and Roisin McGovern

Buyer: Akhtar Khan

Details: Decorative town home in private complex, granite and custom kitchen island, soaring ceiling, French doors to two-tier entertaining deck, vast master suite with natural light, new second bath, two-car garage.

Comment: “Buyer loved the location and had been looking in the area for some time, and liked the many amenities the property offered,” said Nancy Donahue, Howard Hanna Real Estate.

$585,000

Property: Squirrel Hill

Seller: Antonio Brown

Buyer: William Antonucci

Details: Three-plus-story town home with three bedrooms, 3½ baths, heated two car garage, has community pool, close to Parkway and Waterfront, active community center.

Comment: “Buyers really loved the home for its perfect location and the amenities that came with the home, such as its location in the heart of Squirrel Hill,” said Des Brown of 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.

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