Feb. 23—A Ligonier company has spent more than $3 million buying three commercial buildings in downtown Greensburg — including the city's historic train station, which last changed hands in 2016.
Chelsted Limited Family Partnership bought the train station on Ehalt Street from StoneKim Properties LLC for about $1.1 million, according to information filed with the Westmoreland County Recorder of Deeds.
The company also bought 101 North Main St. from North Main Street Investors Inc. for about $925,000 and 101-103 E. Pittsburgh St. from California-based Blom & Byrne LLC for about $1.2 million.
A representative from Chelsted could not be reached.
Kirk Kim, co-owner of StoneKim Properties, said he wasn't looking to sell the building until his company was approached with an offer.
"We did not go out and actively try to sell it. We were approached by a real estate agent who said they had someone who wanted to buy it," he said. "They made an offer, and we sold."
The economic difficulties brought on by the coronavirus pandemic influenced the decision to sell, Kim said.
StoneKim's purchase of the train station in 2016 raised eyebrows because of the price tag. The Greensburg company spent $525,000 to buy the building from the Westmoreland Cultural Trust — despite the train station being valued at $2.26 million. The Trust had spent $3.5 million to restore the property.
The cultural trust at the time justified the sale because of the unsustainable cost of maintaining the building.
Since then, StoneKim has invested several hundred thousand dollars in further renovations, Kim said.
The building is fully occupied. Its newest tenant is Olives & Peppers restaurant, which opened last year — more than four years after it was first announced.
Other tenants are an Amtrak station, the offices of state Rep. Eric Nelson, the Greensburg Community Development Corp., Westmoreland Health Group and a law office.
Kim said he does not know the new owner's plans for the building.
Ashley Kertes, executive director of the development corporation, said she has been in touch with the new owners. Though she doesn't have specific information about Chelsted's plans, she is optimistic about the change.
"StoneKim Properties has done a tremendous job of preserving Greensburg's historic train station since purchasing it from the Westmoreland Cultural Trust five years ago," she said. "I have no doubt that the new owners, Chelsted Limited Family Partnership, will continue to do the same for this Greensburg landmark."
101 North Main is a two-story brick building that houses offices and Golden Treasures, which sells vintage collectibles.
101-103 E. Pittsburgh is a five-story brick building that houses several apartments and Pop! Culture Connection, a shop that sells vintage toys and collectibles.
Jacob Tierney is a Tribune-Review staff writer. You can contact Jacob at 724-836-6646, email@example.com or via Twitter .