Southland Shopping Center

Location: Pittsburgh, PA
Type: Retail
Price: $34,000,000

SMC provided a $34,000,000 first mortgage loan to refinance the existing debt on the Property. The Loan has a 10-year term and 30-year amortization after an initial 48 month interest-only period. The Property is a recently renovated 94% occupied, 260,862 SF retail center built in 1995 located at 600 Clairton Blvd, Pittsburgh, PA 15236. The Property is anchored by LA Fitness, Fresh Thyme, Jo-Ann Fabrics and Harbor Freight.