Family House Sells Neville Street Facility to WPSBCPosted by Kristyn Siwiec in Special Purpose
Hanna Langholz Wilson Ellis recently represented Family House in the sale of the non-profit organization’s 514 N. Neville Street facility in North Oakland. The purchasing entity was Western Pennsylvania School for Blind Children (WPSBC), who plans to utilize the facility to further their mission of nurturing the unique abilities of individuals with blindness and visual impairment through educational excellence and a lifetime of learning.
The Neville Street facility is a 40-unit, 90-bed healthcare hospitality house built by Family House in 1989 to provide convenient, affordable lodging in a home-like environment to medical patients and their families visiting Pittsburgh for medical treatment. The Hanna Family of Companies has had a close tie to the Family House, with Hanna Family members serving on their board since its inception. While Howard Hanna is focused on helping clients buy and sell homes, Family House is really a “home away from home” for those undergoing medical procedures or supporting family members undergoing treatment. This facility is being sold as part of the organization’s consolidation of facilities as they move to the newly acquired Courtyard by Marriot in Shadyside, which is currently undergoing renovation.
Within one month of receiving the listing, HannaLWE obtained four bids from competing buyers that ended in a “best and final” bid, which resulted in the five-story, 21,000 square foot facility being sold on December 15, 2021, for $4 million or $190.48/square foot.
As part of the WPSBC’s Learning Adventures for the Visually Impaired (LAVI) Program, the School seeks to provide housing, education, therapy, medical care, and community integration support for their graduating students who have reached adulthood. The proximity of this facility to the existing WPSBC campus has made this the ideal property to carry out their future vision to help families in need.
Sandy Cikovic and Eli Shorak of HannaLWE were proud to represent Family House in this transaction.