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Maryland Firm Buys McKnight-Siebert Shopping Center in Ross Township

It's the company's first real estate purchase in the Pittsburgh area.

First Washignton Realty Inc. of Bethesda, MD has purchased the McKnight-Siebert Shopping Center in Ross Township for $20.5 million, the Pittsburgh Tribune Review reported.

“The purchase of McKnight-Siebert is our first real estate purchase in the Pittsburgh region,” Bill Wolfe, First Washington president, told the Trib. “We have been looking at the center for some time and finally were able to negotiate a sale.”

The sellers are G-C Partners and M-S Partners Ltd., both of Pittsburgh. G-C Partners is headed by Thomas McCargo of Graham Realty Co. in Sewickley. McCargo could not be reached for comment.

First Washington, which owns properties in other cities, has no plans for any changes or renovations at the McKnight-Seibert center, the Trib reported.

McKnight-Siebert's tenants include Walgreen‘s, Borics, the UPS Store, Jenny Craig Weight Loss, Oreck Clean Home Center, West Marine, Starbucks, Bruegger‘s and Italian Village Pizza, among others.

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