JLL Arranges $73.5M Refinancing for McCandless Crossing Retail Center in Pittsburgh
McCandless, PA — June 3, 2026 — JLL has arranged a $73.5 million refinancing for McCandless Crossing, a 387,771-square-foot open-air lifestyle retail center located in McCandless, Pennsylvania, the firm announced. The five-year, fixed-rate loan was originated through Nationwide on behalf of the borrower, AdVenture Champion Partners.
Property Overview
McCandless Crossing sits along McKnight Road, which JLL describes as Pittsburgh's dominant retail corridor, recording more than 65,000 vehicles per day. The open-air, mixed-use center features a tenant roster that spans daily-needs, off-price, and destination retail categories. Anchor tenants include Lowe's Home Improvement, TJ Maxx, Trader Joe's, HomeGoods, and Sierra Trading Post, alongside a lineup of restaurants and service retailers.
The property is currently 99% leased with a weighted average lease term of 5.7 years. Recent lease signings with TJ Maxx and Sierra Trading Post were noted in the announcement.
The center serves a trade area within the North Allegheny School District. Within a five-mile radius, the average household income is $130,781 and the median household income is $105,433, according to the announcement.
Financing Details
JLL Capital Markets' Debt Advisory team represented AdVenture Champion Partners in securing the loan. The team was led by Senior Managing Directors Nick Unkovic and Claudia Steeb, and Associate Zachary Barone.
"McCandless Crossing's unmatched location and tenant mix, along with AdVenture Development's exceptional sponsorship, resulted in highly competitive financing terms and a seamless execution with Nationwide," Unkovic said in the announcement.
The interest rate, property valuation, and loan-to-value ratio were not disclosed.
About the Firms
AdVenture Champion Partners is the borrowing entity on the transaction. Nationwide served as the lender.
JLL (NYSE: JLL) is a global commercial real estate services and investment management company with annual revenue of $26.1 billion and operations in over 80 countries. JLL Capital Markets operates with more than 3,000 specialists in offices across nearly 50 countries, offering services including debt advisory, investment sales, equity and fund placement, and net lease advisory.
Sources
Related Articles
BWE Secures $69.13 Million in Multifamily Financing Across Alabama and Indiana
CBRE Arranges $45.8 Million Refinancing for Scottsdale Towne Center Retail Property
BlueCrest Capital Advisors Acquires Jacksonville's Cypress Point Business Park for $28.15M in Value-Add Flex Deal
