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Wexford, Pa. — HFF has arranged the $13.8 million sale of a 53,000-square-foot, single-tenant retail property in Wexford, 17 miles north of Pittsburgh.
Marc Mandel, Steve Schrenk, Coler Yoakam, Mark West and Michael George of HFF represented the seller, an undisclosed REIT, in the transaction. A private East Coast buyer purchased the asset. Additionally, HFF secured an $8.5 million, 20-year, fixed-rate loan with Protective Life Insurance Company for the buyer. Levin Furniture occupies the building under a triple net lease that expires in 20 years.