{"id":1004759499,"date":"2025-05-28T05:08:17","date_gmt":"2025-05-28T13:08:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004759499"},"modified":"2025-06-03T04:44:00","modified_gmt":"2025-06-03T12:44:00","slug":"walmart-buys-pittsburgh-shopping-center-for-40m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/walmart-buys-pittsburgh-shopping-center-for-40m\/","title":{"rendered":"Walmart Buys Pittsburgh Shopping Center for $40M"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/image_07caf8.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1015\" height=\"761\" data-attachment-id=\"1004759538\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/image-31\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/image_07caf8-edited.png\" data-orig-size=\"1015,761\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"image\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/image_07caf8-edited.png?w=1015\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/image_07caf8-edited.png\" alt=\"Aerial shot of Century Square, a 415,613-square-foot Pittsburgh-area retail center.\" class=\"wp-image-1004759538\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/image_07caf8-edited.png 1015w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/image_07caf8-edited.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/image_07caf8-edited.png?resize=768,576 768w\" sizes=\"auto, (max-width: 1015px) 100vw, 1015px\" \/><\/a><figcaption class=\"wp-element-caption\">Century Square is another Pittsburgh-area retail center that changed hands recently. <em>Image courtesy of Red Mountain Group Inc.<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>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.<\/p>\n\n\n\n<p>Tabani had purchased the shopping center 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.<\/p>\n\n\n\n<p>Completed in 1964 at 5055 Library Road, Bethel Park Shopping Center consists of 11 one-story buildings across a 23-acre site. <\/p>\n\n\n\n<p>Walmart anchors the property with a 91,000-square-foot store. The tenant roster also includes Giant Eagle, Starbucks, Wendy\u2019s, Firestone Complete Auto Care and Citizens Bank.<\/p>\n\n\n\n<p>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\u2019s.<\/p>\n\n\n\n<p>In the first quarter of 2025, <a href=\"https:\/\/www.commercialsearch.com\/news\/retail-investment-sales-volume-rises\/\">retail investment sales rose<\/a> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property traded for a significantly higher price than it did just two years ago.<\/p>\n","protected":false},"author":3619,"featured_media":1004759538,"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":[34343,34787,32917],"class_list":["post-1004759499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-midatlantic","category-latest","category-pittsburgh","category-retail","tag-brixmor-property-group-inc","tag-frost-bank","tag-walmart"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Walmart Buys Pittsburgh Shopping Center for $40M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Walmart Realty acquired Bethel Park Shopping Center, a retail property in Bethel Park, Pa., from Tabani Group.\" \/>\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-buys-pittsburgh-shopping-center-for-40m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Walmart Buys Pittsburgh Shopping Center for $40M\" \/>\n<meta property=\"og:description\" content=\"Walmart Realty acquired Bethel Park Shopping Center, a retail property in Bethel Park, Pa., from Tabani Group.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/walmart-buys-pittsburgh-shopping-center-for-40m\/\" \/>\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=\"2025-05-28T13:08:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-03T12:44:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/05\/image_07caf8-edited.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1015\" \/>\n\t<meta property=\"og:image:height\" content=\"761\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\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-buys-pittsburgh-shopping-center-for-40m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/walmart-buys-pittsburgh-shopping-center-for-40m\/\",\"name\":\"Walmart Buys Pittsburgh Shopping Center for $40M - 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