Walmart Buys Pittsburgh Shopping Center for $40M
The property previously traded for $30 million two years ago.
Walmart Realty has acquired Bethel Park Shopping Center, a 202,358-square-foot retail property in the Pittsburgh suburb of Bethel Park, according to CommercialEdge information. Tabani Group sold the asset for $39.6 million.
Tabani had acquired the asset from Brixmor Property Group for $30.6 million in 2023, the same source shows. Frost Bank had issued a $21.7 million loan for that acquisition.
Completed in 1964 at 5055 Library Road, Bethel Park Shopping Center consists of 11 one-story buildings across a 23-acre site.
Walmart anchors the property with a 91,000-square-foot store. The tenant roster also includes Giant Eagle, Starbucks, Wendy’s, Firestone Complete Auto Care and Citizens Bank.
The retail center is 10 miles south of downtown Pittsburgh, near South Park Gold Course. There are several other retail options on Library Road, including KFC, Aldi, CVS and McDonald’s.
In the first quarter of 2025, retail investment sales rose 13 percent on a year-over-year basis, according to Newmark research. Properties led all other commercial real estate asset types for value growth, showing a 4.6 percent annual increase. Grocery-anchored centers remained popular among investors, making cap rates tighten due to high demand.
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