Jun
15
HFF Arranges $70M Financing for Pittsburgh Lifestyle Center
ByThe retail center is part of the 130-acre McCandless Crossing mixed-use development in northern Pittsburgh.
Pittsburgh–HFF has secured a $70 million permanent loan for the McCandless Crossing town center located in McCandless, a northern suburb of Pittsburgh.
The firm placed a 10-year, fixed-rate loan with Nationwide Life Insurance Co., working on behalf of the developer, AdVenture Development, and the borrower, a joint venture between Adventure/Champion Partnership and AdVenture Phase IV LP.
The more than 350,000-square-foot town center is part of a 130-acre mixed-use development that began construction in 2009 and was delivered in phases…
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