The Waterfront development includes numerous retail sites, including an AMC Loews theater.
Tim Schooley
Reporter – Pittsburgh Business Times
A major portion of the Waterfront, the region’s second-largest shopping center, is for sale for the second time in five years.
Cleveland-based Developers Diversified Realty, which bought the property for $160 million in 2007, has listed the property with the Pittsburgh office of HFF Inc.
The part being sold includes the majority of the retail portion of the Homestead mixed-use redevelopment.
There is no list price on the property, said Nick Matt, managing director at HFF, and bids are due May 11.
“They have an institutional partner in the deal that’s really driving the process,” said Matt of what led …
Tim Schooley covers retail, real estate, small business, hospitality and media. Contact him at tschooley@bizjournals.com or (412) 208-3826.
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