{"id":1004745357,"date":"2025-02-04T07:18:55","date_gmt":"2025-02-04T15:18:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004745357"},"modified":"2025-02-11T00:18:12","modified_gmt":"2025-02-11T08:18:12","slug":"walmart-acquires-pittsburgh-mall","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/walmart-acquires-pittsburgh-mall\/","title":{"rendered":"Walmart Acquires Pittsburgh Mall"},"content":{"rendered":"\n

<\/p>\n\n\n

\n
\"Exterior<\/a>
CBL Properties also owns Westmoreland Mall in Greensburg, Pa., 25 miles southeast of Monroeville Mall. Image courtesy of CBL Properties<\/em><\/figcaption><\/figure><\/div>\n\n\n

CBL Properties has sold Monroeville Mall and its Annex in Monroeville, Pa., for $34 million. Walmart bought the retail assets totaling 1.2 million square feet, according to CBS News<\/em>. JLL worked on behalf of the seller, while CBRE Senior Vice President Tom Flynn represented the buyer.<\/p>\n\n\n\n

CBL used approximately $7.1 million of the net proceeds to lower the outstanding principal of its outparcel and open-air center loan to $333 million. The deal enabled the release of a collateral parcel.<\/p>\n\n\n\n

The retail center traded at an 86 percent discount from its previous sale. CBL had acquired the shopping mall in 2004 for $231.2 million and the transaction included the assumption of a $134 million fixed-rate, non-recourse loan, The Chattanoogan<\/em> reported at the time.<\/p>\n\n\n\n

Redeveloping Monroeville Mall<\/h2>\n\n\n\n

Monroeville Mall and the adjacent Annex cover an 185-acre site at 200 Mall Circle Drive, just off U.S. Route 22 and close to Interstate 376. Downtown Pittsburgh is less than 13 miles west.<\/p>\n\n\n\n

The mall’s roster includes Barnes & Noble, Claire\u2019s, Forever 21, Macy\u2019s, H&M and JD Sports, among others. The Annex has Going Going Gone, Guitar Center, Full Throttle Adrenaline Park and several other retailers as tenants.<\/p>\n\n\n\n

Walmart has selected Cypress Equities to manage the property and spearhead its redevelopment into a new retail and commercial destination adapted to the shoppers’ 21 century needs<\/a>. The last time Monroeville Mall underwent renovations was in 2003, when $10 million contributed to upgrading its decor, as well as installing air chillers.<\/p>\n\n\n\n

In 2025, the retail sector<\/a> is expected to continue the transformation brought about by last years’ trends. Experiential retail and high-quality real estate remain the main drivers for enhancing in-person shopping, as well as reducing vacancies.<\/p>\n","protected":false},"excerpt":{"rendered":"

This property traded at an 86 percent discount from its previous sale.<\/p>\n","protected":false},"author":3619,"featured_media":1004745602,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,11,21742,1602,21749],"tags":[33275,32789,32796,32917],"class_list":["post-1004745357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-midatlantic","category-latest","category-pittsburgh","category-retail","tag-cbl-associates-properties-inc","tag-cbre","tag-jll","tag-walmart"],"acf":[],"yoast_head":"\nWalmart Acquires Pittsburgh Mall - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"CBL Properties has sold the 1.2 million-square-foot Monroeville Mall and Annex in Monroeville, Pa., to Walmart for $34 million.\" \/>\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\/walmart-acquires-pittsburgh-mall\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Walmart Acquires Pittsburgh Mall\" \/>\n<meta property=\"og:description\" content=\"CBL Properties has sold the 1.2 million-square-foot Monroeville Mall and Annex in Monroeville, Pa., to Walmart for $34 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/walmart-acquires-pittsburgh-mall\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-04T15:18:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-11T08:18:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/EXT_3_RETOUCHED-edited.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1033\" \/>\n\t<meta property=\"og:image:height\" content=\"775\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Maria Maruta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/walmart-acquires-pittsburgh-mall\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/walmart-acquires-pittsburgh-mall\/\",\"name\":\"Walmart Acquires Pittsburgh Mall - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/walmart-acquires-pittsburgh-mall\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/walmart-acquires-pittsburgh-mall\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/EXT_3_RETOUCHED-edited.jpg\",\"datePublished\":\"2025-02-04T15:18:55+00:00\",\"dateModified\":\"2025-02-11T08:18:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/34bf2de3f952f3db52e303344f1799df\"},\"description\":\"CBL Properties has sold the 1.2 million-square-foot Monroeville Mall and Annex in Monroeville, Pa., to Walmart for $34 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/walmart-acquires-pittsburgh-mall\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/walmart-acquires-pittsburgh-mall\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/walmart-acquires-pittsburgh-mall\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/EXT_3_RETOUCHED-edited.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/EXT_3_RETOUCHED-edited.jpg\",\"width\":1033,\"height\":775,\"caption\":\"Exterior shot of Westmoreland Mall in Greensburg, Pa., a 1.2 million-square-foot retail center under CBL Properties' ownership.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/walmart-acquires-pittsburgh-mall\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Walmart Acquires Pittsburgh Mall\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/34bf2de3f952f3db52e303344f1799df\",\"name\":\"Maria Maruta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Maria_Maruta.jpeg?w=78\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Maria_Maruta.jpeg?w=78\",\"caption\":\"Maria Maruta\"},\"description\":\"Maria Maruta is an Associate Editor with Multi-Housing News and Commercial Property Executive. Maria completed a Bachelor's in Art History and a Master's in Film Studies at the University of Groningen, The Netherlands. Currently, she writes commercial real estate news, particularly on the office, retail, coworking and self storage sectors. You may reach her at maria.maruta@cpe-mhn.com\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/maria-maruta\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Walmart Acquires Pittsburgh Mall - Commercial Property Executive","description":"CBL Properties has sold the 1.2 million-square-foot Monroeville Mall and Annex in Monroeville, Pa., to Walmart for $34 million.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/walmart-acquires-pittsburgh-mall\/","og_locale":"en_US","og_type":"article","og_title":"Walmart Acquires Pittsburgh Mall","og_description":"CBL Properties has sold the 1.2 million-square-foot Monroeville Mall and Annex in Monroeville, Pa., to Walmart for $34 million.","og_url":"https:\/\/www.commercialsearch.com\/news\/walmart-acquires-pittsburgh-mall\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2025-02-04T15:18:55+00:00","article_modified_time":"2025-02-11T08:18:12+00:00","og_image":[{"width":1033,"height":775,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/EXT_3_RETOUCHED-edited.jpg","type":"image\/jpeg"}],"author":"Maria Maruta","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/walmart-acquires-pittsburgh-mall\/","url":"https:\/\/www.commercialsearch.com\/news\/walmart-acquires-pittsburgh-mall\/","name":"Walmart Acquires Pittsburgh Mall - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/walmart-acquires-pittsburgh-mall\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/walmart-acquires-pittsburgh-mall\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/EXT_3_RETOUCHED-edited.jpg","datePublished":"2025-02-04T15:18:55+00:00","dateModified":"2025-02-11T08:18:12+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/34bf2de3f952f3db52e303344f1799df"},"description":"CBL Properties has sold the 1.2 million-square-foot Monroeville Mall and Annex in Monroeville, Pa., to Walmart for $34 million.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/walmart-acquires-pittsburgh-mall\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/walmart-acquires-pittsburgh-mall\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/walmart-acquires-pittsburgh-mall\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/EXT_3_RETOUCHED-edited.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/EXT_3_RETOUCHED-edited.jpg","width":1033,"height":775,"caption":"Exterior shot of Westmoreland Mall in Greensburg, Pa., a 1.2 million-square-foot retail center under CBL Properties' ownership."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/walmart-acquires-pittsburgh-mall\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Walmart Acquires Pittsburgh Mall"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/34bf2de3f952f3db52e303344f1799df","name":"Maria Maruta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Maria_Maruta.jpeg?w=78","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Maria_Maruta.jpeg?w=78","caption":"Maria Maruta"},"description":"Maria Maruta is an Associate Editor with Multi-Housing News and Commercial Property Executive. Maria completed a Bachelor's in Art History and a Master's in Film Studies at the University of Groningen, The Netherlands. Currently, she writes commercial real estate news, particularly on the office, retail, coworking and self storage sectors. You may reach her at maria.maruta@cpe-mhn.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/maria-maruta\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/EXT_3_RETOUCHED-edited.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004745357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3619"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004745357"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004745357\/revisions"}],"predecessor-version":[{"id":1004746724,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004745357\/revisions\/1004746724"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004745602"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004745357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004745357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004745357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}