McCandless Crossing - 2027 Sale

JLL is pleased to present this opportunity for the purchase of McCandless Crossing (the “Property”), a prominent grocery-anchored retail center located along the dominant McKnight Road corridor in Pittsburgh, PA. The Property totals 387,771 square feet and features a diverse mix of national, regional, and local tenants, providing daily-needs and destination retail offerings. Major tenants include Lowe’s Home Improvement (S&P: BBB+), TJ Maxx (S&P: A), Trader Joe’s, HomeGoods (subsidiary of TJX Companies), and Sierra Trading (subsidiary of TJX Companies), along with a robust line-up of restaurants and service retailers. McCandless Crossing includes a 12 screen Cinemark Theatre, which while separately owned, provides the entertainment draw to the Property.

The Property is currently 98.3% leased, with several new and renewal leases executed in the past year, providing strong in-place cash flow and further validating its strong positioning within the market. Following Dick’s Sporting Goods relocation, who opened their new larger-format House of Sports concept at the nearby Ross Park Mall, the vacated space has been backfilled by TJ Maax and Sierra Trading, with openings anticipated in October 2026. Additionally, 22% of the gross tenant income is supported by investment-grade tenants, and the weighted average lease term is approximately 5.4 years, ensuring a stable income stream with staggered rollover risk.