Colliers International | Pittsburgh Announces the Sale of 109 Pleasant Drive, Aliquippa, PA

-Two buildings encompass approximately 19,500 SF-

Colliers International | Pittsburgh is proud to announce the sale of the former corporate headquarters for Iron City Constructors located at 109 Pleasant Drive. The property was sold by MV Holdings for $1,300,000 to an undisclosed buyer.109 Pleasant Drive

Anthony Pantoni, Vice President | Industrial Brokerage, and Luke Hingson, Investment Services Specialist at Colliers International | Pittsburgh, represented the owner.

The 3-story building was built in 2001 and is located just off of the I-376 exit, minutes from the Pittsburgh International Airport and Beaver Valley Mall.

“This is a significant transaction for the Beaver County market.  There just are not many non industrial sites that will sell for such a significant number,” said Anthony Pantoni a Beaver County native. “We have always considered Beaver County to be an area of growth for commercial real estate. I am pleased to be able to continue to work in an area I know so well. With the continued increase in demand created by the Marcellus and Utica Shale gas supply, we see nothing but great things for this entire market.”

“The fact that 109 Pleasant Drive sold for its full asking price of $1,300,000 is an excellent testimony of how strong the Beaver County market has become,” said Luke Hingson. “This is primarily due to the anticipation of the new multi-billion dollar Shell Cracker plant.”

About Colliers International
Colliers International is a global leader in commercial real estate services, with over 13,500 professionals operating out of more than 482 offices in 62 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.

For the latest international news from Colliers International, visit colliers.com/us/news, or follow us on Twitter: @ColliersIntl

Posted on August 23, 2013, in Achievements, Industrial and tagged , , , , . Bookmark the permalink. Comments Off on Colliers International | Pittsburgh Announces the Sale of 109 Pleasant Drive, Aliquippa, PA.

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