Nov
21
TCM Sells Limited Partnership Interest in PA Retail Asset
ByMiracle Mile Retail Center is a power center anchored by tenants such as LA Fitness, Marshalls, PNC Bank and others. The property was 98 percent occupied at the time of the sale.
Ten Capital Management has sold its limited partnership interest in Miracle Mile Retail Center to a joint venture between M&J Wilkow LTD and ALTO Real Estate. The nearly 300,000-square-foot, Class A retail center is located in Monroeville, Pa.
Located at 4100 William Penn Highway, 13 miles east of the Pittsburgh Central Business District, Miracle Mile Retail Center is a power center anchored by tenants such as LA Fitness, Marshalls, PNC Bank, DSW and Office Max. The property was 94 percent occupied at the time of the purchased and 98 percent leased upon sale. Built in 1954 and then renovated in 2006, Miracle Mile Retail Center offers approximately 1,400 parking spaces…
