Iceoplex at Southpointe for sale at $11 million

Share with others:

Print Email Read Later

For a mere $11 million, you could own the complex where the Pittsburgh Penguins practice. Not the Consol Energy Center but the Iceoplex at Southpointe, which has long been a practice facility for the team.

The Iceoplex has been put up for sale by its owner, Southpointe Rink Associates, which is seeking $11 million for the complex. It is being marketed on the real estate website, LoopNet.

Dennis Allison, a managing partner with Southpointe Rink Associates, said the group has made a lot of capital improvements to the property since acquiring it in 2001 and wanted to "test the water" to see what interest there might be.

"We wanted to see where the market was for this type of facility," he said.

Mr. Allison said the group would consider adding investors or selling the 65,000-square-foot complex outright. It also might consider retaining a piece of the facility while selling off the rest.

While the property has been listed on LoopNet for about two weeks, no one has offered to buy it just yet, Mr. Allison said.

He added that Southpointe Rink Associates has had interest in the past from various prospective buyers but did not sell because the "timing was never right."

The Washington County complex, near Canonsburg, has been a practice home for the Penguins since it opened in 1995. It was built by the former team ownership group led by Howard Baldwin.

"The Penguins being here in years past, they're sort of what puts you on the map. They're a very important part of what we do," Mr. Allison said.

Players practice at the facility when the Consol Energy Center isn't available. The team has a lease to use the Iceoplex and would likely remain there even if the building were sold.

Mr. Allison said he sees the Penguins as a "natural candidate" to buy the facility. But he added that he didn't know whether the team had any interest.

The answer appears to be no.

"We're interested in working with rink owners in managing their facilities but we're not interested in purchasing any rinks," Penguins spokesman Tom McMillan said.

In addition to the ice rink, the complex features a multipurpose area used for lacrosse and indoor soccer in the fall and winter, and basketball, inline hockey and volleyball in the spring and summer.

The ice rink and multipurpose area can be combined to create a "junior convention center" of roughly 40,000 square feet.

The property also is home to a health club and the 300-seat Jay's Sports Bar.

Mark Belko: or 412-263-1262.


Create a free PG account.
Already have an account?