CBRE Arranges Sale of Shopping Center McKnight Siebert in Pittsburgh

CBRE arranged the sale of McKnight Siebert, a 52,750-square-foot shopping center located in Pittsburgh. Shannon Waltchack, a full-service real estate firm, purchased the property from First Washington Realty Incorporated.

Chris Munley, Colin Behr, Ryan Sciullo, Casey Benson Smith, RJ Mirabile and Michael Pascavis of CBRE’s National Retail Partners team represented the seller in the transaction.

“We’re very grateful for the opportunity to work on McKnight Siebert, a property that represents truly irreplaceable real estate along McKnight Road,” said Mirabile. “The combination of excellent frontage, a well-balanced tenant lineup, and dense surrounding demographics made McKnight Siebert a standout opportunity for investors.”

McKnight Siebert is located at 4885 McKnight Road within the McKnight Road retail corridor, which features over 7.8 million square feet of retail space and more than 2,700 businesses in a three-mile radius. The shopping center includes several national retailers, including Walgreens, Starbucks, UPS Store, Bruegger’s Bagels, Sports Clips, and T-Mobile.

“We continue to see strong investor demand for well-located strip centers across major suburban corridors, and McKnight Siebert is a prime example of a high-performing retail asset in a dense trade area with durable long-term value,” said Behr.