Shoppes At Northway For Sale
The former Northway Mall had been sold at sheriff's sale in May.
The Shoppes at Northway, know for years as the Northway Mall, is officially for sale.
The Pittsburgh office of HFF Inc., lists Northway for sale on its website, the Pittsburgh Business Times reports.
The Shoppes at Northway are currently home to Dicks's Sporting Goods, PetSmart, Marshalls, Aldi's, Mama Lucia's Restaurant, and a number of other, smaller shops.
Jefferson-Pilot Investments, acting on behalf of the original mortgage lender, bought back the Shoppes at Northway at an Allegheny County Sheriff's Sale on May 7.
The 385,000-square-foot shopping center complex at 8000 McKnight Road, which has been a local landmark since it was built in the 1960s, went on the block after its owners, Pittsburgh-based Northway Group L.P., stopped making payments to its lender in October 2011.
The mall has been in receivership since February and is being managed by Compass Advisory Partners LLC.
The mall is believed to be the first indoor mall in Pennsylvania and among the first indoor malls to open in the United States.
Keeping up with news in the North Hills is easy—simply sign up for our daily email newsletter, like us on Facebook and follow us on Twitter.
In This article
-
Dick's Sporting Goods
8000 McKnight Rd, Pittsburgh, PA -
PetSmart
1134 Northway Mall , Pittsburgh, PA -
Marshall's
2208 Northway Mall, Pittsburgh, PA -
Aldi
8000 McKnight Rd, Pittsburgh, PA -
Mamma Lucia
8000 McKnight Rd # 555, Pittsburgh, PA -
Carol K
3:14 pm on Tuesday, July 3, 2012
Since I patronize Fox & Hound, Dick's, PetSmart, Marshall's, Aldi, Shoe Carnival, and Mama Lucia's, I hope to see the new owner maintain these stores. I would love to see a Hobby Lobby added to the mix, along with a Value City Furniture store.
Stephanie Davis
3:33 pm on Tuesday, July 3, 2012
Hope new owner keeps stores that are there now and actively searches for similar stores to fill vacancies. Wow, you don't realize what you have until it might be gone.
brian schindler
3:44 pm on Tuesday, July 3, 2012
How about a Super Walmart, Sam's, Costco. How about Barnes and Noble. How about an Indoor water park like Splash Lagoon.
Chris
5:15 pm on Tuesday, July 3, 2012
I vote for splash lagoon
Mary Segal
7:26 pm on Tuesday, July 3, 2012
An indoor waterpark is a great idea. We need something like this in the north hills.
Harris
12:02 pm on Thursday, July 5, 2012
Thats bad though. That means even the lender doesnt think its worth their time or the company doing on the work on behalf of the lender. The problem is there is too much land now on Mcknight available. The entire Samsclub/Walmart, Ford property, now this property and now the area where LA Fitness is at. Thats acres upon acres of property in a commercial zone sitting empty that only large shopping plazas can fill. The reality is we dont need any more plazas so that land will sit vacant forever since people paid so much for those properties since no one would spend 5 million just for the land to build even a hotel.