Lawrenceville’s Arsenal Bowl has a buyer, but real estate group mum on who

Pittsburgh’s iconic Arsenal Bowl has been sold, although the buyer remains under lock and key, according to the real estate company marketing the bowling alley.

Terri Sokoloff, of commercial real estate firm Specialty Group, merely said the sale brought together two initially separate buyers. She said the group met with more than a dozen interested buyers.

“In the end, we saw an opportunity to ‘marry off’ two of the parties to form the ultimate buyer group,” said Sokoloff.

She said one buyer had hands-on experience running a bowling alley while the other had “the business acumen and management experience” needed to keep the Lawrenceville staple going.

“Essentially,” she said, “the two parties were a Cinderella and the glass slipper fit perfectly.”

She said the license transfer should be completed by the end of the year.

In a 2007 profile of Butler Street in Lawrenceville, the New York Times called the retro bowling alley a place where “old-school bowling vibe meets nightclub atmosphere.”

The retro bowling alley went on sale in June shortly after the Pennsylvania pandemic restrictions expired. Sokoloff said at the time that business was already up and that “the property wants to go up”.

Paul Buncher has owned Arsenal Bowl since 1991, and Sokoloff said that with the second-generation owners nearing retirement, they are looking for someone else to take them over.

“We could never have expected a reaction from Pittsburgh to the Arsenal Bowl sale announcement,” said Sokoloff. “Our phones kept ringing for more information. This facility is truly an icon in our community and the Pittsburghers were concerned about losing their bowling tradition in the heart of Lawrenceville. “

Megan Guza is a contributor to Tribune Review. You can contact Megan at 412-380-8519, [email protected], or on Twitter.