Pittsburgh, PA (December 5, 2017)—An investor team, led by PCG Capital, announced the purchase of two prominent closed Pittsburgh restaurants. The purchase was completed on November 1, 2017.
Both restaurant locations had previously been home to King’s Restaurants, which closed in early 2017. The first location is just north of Pittsburgh, in the Wexford area. The second is located in the South Fayette/Bridgeville area.
The Wexford property located at the highly-trafficked intersection of 1-79, VIP Drive and SR 910–the key artery into Wexford, Franklin Park and the North Allegheny School District.
The Wexford location is 8,000 square-feet. The space will be redeveloped into a two-store retail location boasting a drive-through at one of the most influential intersections in the North Hills of Pittsburgh
The Bridgeville property provides a phenomenal redevelopment opportunity on Washington Pike, the most traveled artery in southern Pittsburgh. Located at a signalized interchange with GetGo, this 5,300 square-feet site is a wonderful retail development project.
Multiple bidders were involved in trying to buy these two incredible properties. PCG’s creativity, quick decision-making ability and vision for both locations’ redevelopment ultimately made this purchase possible.
Update (December 11, 2017): Check out the Pittsburgh Business Times write-up on the King’s purchase here.