HFF Secures $39.5 Million Refinancing for Village Square in Pittsburgh

by Katie Sloan

Pittsburgh — HFF has secured a $39.5 million refinancing for Village Square, a 392,497-square-foot power center located in the Bethel Park area of Pittsburgh.

John Pelusi of HFF worked on behalf of the borrower, Oxford Development Co., to place the 10-year, fixed-rate loan with Goldman Sachs & Co.

Home Depot, Kohl’s, Burlington Coat Factory, Michael’s, Office Depot and Toys ‘R’ Us anchor the center, which is also home to tenants including Half-Price Books, Sten’s Stride Rite Shoes, Famous Footwear and Avenues. The center also features outparcel pads leased to Olive Garden, TGI Friday’s, Pennzoil and PA Wine & Spirits.

You may also like