McCandless, Penn. — HFF has secured a $70 million permanent loan for McCandless Crossing, a 354,567-square-foot town center located in the Pittsburgh suburb of McCandless.
David Nackoul and Nat Scarmazzi of HFF placed the 10-year, fixed-rate loan with Nationwide Life Insurance Co. on behalf of the developer, AdVenture Development, and the borrower, a joint venture partnership between Adventure/Champion Partnership and AdVenture Phase IV LP.
The town center is part of a 130-acre mixed-use development that began construction in 2009 and was delivered in phases. Lowe’s Home Improvement, Dick’s Sporting Goods, HomeGoods, Trader Joe’s, CVS/pharmacy and Old Navy anchor the property.