Costar's Quarterly List- Two in Washington County
November 2, 2020
TWO WASHINGTON COUNTY TRANSACTIONS MADE COSTAR'S QUARTERLY LIST (THIRD QUARTER 2020) OF MARKET-LEADING DEALS AND DEALMAKERS
TOP LEASE: 18 Starck Drive, Burgettstown, PA
Space Leased: 25,610 SF
Deal Type: New Lease
Sign Date: August 24, 2020
Size: 25,610 SF
Brokers Involved: John Jackson of Cushman & Wakefield | Grant Street Associates and Andy Heymann of Cushman & Wakefield represented the tenant.
Deal Commentary: Tekni-Plex, a globally-integrated package manufacturer based in Wayne, Pennsylvania, leased a 25,610-square-foot warehouse off Interstate 22 in Washington County.
TOP SALE: 120 Hidden Valley Drive, Finleyville, PA
120 Hidden Valley Drive, Finleyville, PA (CoStar)
Sale Price: $20,000,000
Sale Date: September 8, 2020
Size: 2,900 SF
Buyer: RHP Properties, Farmington Hills, MI
Seller: Ronald Labrosse, Pittsburgh, PA
Brokers Involved: Richard Spreiser of MFI Commercial represented both sides of the deal.
Deal Commentary: South Park Mobile Estates sold the 321-unit mobile home park at 120 Hidden Valley Drive in Finleyville for $20 million. The property was under contract for 60 days and at the time of sale had a 5% cap rate.