{"id":1004079635,"date":"2013-07-03T11:38:15","date_gmt":"2013-07-03T19:38:15","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=143002"},"modified":"2020-05-18T14:18:39","modified_gmt":"2020-05-18T22:18:39","slug":"wp-realty-acquires-parkway-west-retail-center-for-16-8m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wp-realty-acquires-parkway-west-retail-center-for-16-8m\/","title":{"rendered":"WP Realty Acquires Parkway West Retail Center for $16.8M"},"content":{"rendered":"<p><!--[if gte mso 9]&gt;--><\/p>\n<p><!--[if gte mso 9]&gt;--><\/p>\n<p class=\"MsoNormal\"><em><span lang=\"EN-US\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/06\/Plaza-at-the-Pointe.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-143004\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/06\/Plaza-at-the-Pointe.jpg\" alt=\"\" width=\"300\" height=\"190\" \/><\/a>By Adriana Pop, Associate Editor <\/span><\/em><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">WP Realty of Bryn Mawr, PA has acquired the Plaza at the Pointe, a 149,016-square-foot shopping center located in Pittsburgh\u2019s Robinson Township. The <em><a href=\"https:\/\/www.bizjournals.com\/pittsburgh\/news\/2013\/06\/18\/plaza-at-the-pointe-has-new-owner.html\" rel=\"nofollow\" >Pittsburgh Business Times<\/a><\/em> reports that US Bank sold the property for $16.8 million.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Built in 1998, the multi-tenant retail center is anchored by Bed, Bath &amp; Beyond, Old Navy, La-Z-Boy, and Party City and includes a compelling mix of national and regional retailers among its tenants. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Latitude 40, a recently redeveloped 60,000-square-foot entertainment complex, is the property\u2019s shadow anchor. Another 21,556-square-foot portion of anchor space is currently available for lease, WP Realty announced. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">The Plaza at the Pointe\u2019s previous owner was Costa Land Co. One of the company\u2019s affiliates purchased the property in 1999 for more than $19 million.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">In other news, Craig Cozza, principal of Cozza Enterprises, LLC is planning to build its fourth Pro Bikes store near North Park. According to the <a href=\"https:\/\/www.bizjournals.com\/pittsburgh\/blog\/the-next-move\/2013\/06\/a-different-approach-to-the-strip-center.html\" rel=\"nofollow\"><em>Pittsburgh Business Times<\/em><\/a>, the development of the 12,000-square-foot facility entails an investment between $1 million and $1.5 million.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">The project will include a lifestyle store that will cater to runners and walkers alike, as well as a farm-to-table restaurant and a frozen yogurt place. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Cozza has partnered with architect Fabo Enterprises Inc. of Cleveland to develop the new building. Construction is expected to begin in July and wrap up by the end of the year.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">The company operates three other Pro Bikes stores, which are located in Squirrel Hill, Bethel Park and Monroeville.<\/span><\/p>\n<p class=\"MsoNormal\"><em><span lang=\"EN-US\">Photo credits: www.costalandco.com<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WP Realty of Bryn Mawr, PA has acquired the Plaza at the Pointe, a 149,016-square-foot shopping center located in Pittsburgh&rsquo;s Robinson Township. The Pittsburgh Business Times reports that US Bank sold the property for $16.8 million.<\/p>\n","protected":false},"author":1269,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1602],"tags":[1815],"class_list":["post-1004079635","post","type-post","status-publish","format-standard","hentry","category-latest","category-pittsburgh","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>WP Realty Acquires Parkway West Retail Center for $16.8M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-realty-acquires-parkway-west-retail-center-for-16-8m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WP Realty Acquires Parkway West Retail Center for $16.8M\" \/>\n<meta property=\"og:description\" content=\"WP Realty of Bryn Mawr, PA has acquired the Plaza at the Pointe, a 149,016-square-foot shopping center located in Pittsburgh&rsquo;s Robinson Township. 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