Village at Pittsburgh Mills

Location: Tarentum, PA
Type: Retail
Price: $ 24,750,000

SMC has provided a $24,750,000 ten-year fixed rate first mortgage to refinance the existing debt collateralized by the Village at Pittsburgh Mills, a 161,078 square foot power retail center located in Tarentum, PA, 20 miles northeast of the Pittsburgh CBD. The Property is anchored by five national retailers totaling 120,235 SF or 74.6% of the Property’s NRA: Ross Dress for Less, Best Buy, Michael’s, PetSmart, and Office Max. The Property also features 40,843 SF of small shop space and is currently 100% occupied. The Property is surrounded by a dense pocket of retail development which is serviced by a ring-road that encompasses the complex. Retailers which shadow-anchor the Property include a Lowe’s Home Improvement Center that is adjacent to the Property’s improvements as well as a Wal-Mart Supercenter and Sam’s Club which are located immediately south of the Property.